Credit Ratings
Investor relations
Credit Ratings
NSE
NGN 8.9
9.88%
17/04/2024
S&P Global Ratings
2022/2023
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2021/2022
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2020/2021
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2019/2020
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2018/2019
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngB |
|
National Long Term Rating |
ngBB+ |
|
Outlook |
Stable |
2017/2018
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
ngB |
|
National Long Term Rating |
ngBB+ |
|
Outlook |
Stable |
2016/2017
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2015/2016
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
ngA-3 |
|
National Long Term Rating |
ngBBB- |
|
Outlook |
Stable |
2014/2015
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
ngA-2 |
|
National Long Term Rating |
ngBBB |
|
Outlook |
Stable |
2013/2014
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
ngA-2 |
|
National Long Term Rating |
ngBBB+ |
|
Outlook |
Stable |
Fitch Rating
2022/2023
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F1 (nga) |
|
National Long Term Rating |
A (nga) |
|
Outlook |
Stable |
2021/2022
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
F1 (nga) |
|
National Long Term Rating |
A (nga) |
|
Outlook |
Stable |
2020/2021
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F3 (nga) |
|
National Long Term Rating |
BBB (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B- (WATCH) |
Rating watch on |
|
STR |
B (WATCH) |
Rating watch on |
|
VIABILITY RATING |
b- (WATCH) |
Rating watch on |
|
NATIONAL SHORT TERM RATING |
F3 (nga)WATCH |
Rating watch on |
|
NATIONAL LONG TERM RATING |
BBB (nga)WATCH |
Rating watch on |
|
SUPPORT RATING |
|
|
|
SUPPORT RATING FLOOR |
|
|
2019/2020
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F3 (nga) |
|
National Long Term Rating |
BBB (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B- (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F3 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB (nga) |
Affirmed |
|
SUPPORT RATING |
5 |
Affirmed |
|
SUPPORT RATING FLOOR |
NF |
Affirmed |
2018/2019
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F3 (nga) |
|
National Long Term Rating |
BBB (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B- (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F3 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB (nga) |
Affirmed |
|
SUPPORT RATING |
5 |
Affirmed |
|
SUPPORT RATING FLOOR |
NF |
Affirmed |
2017/2018
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F3 (nga) |
|
National Long Term Rating |
BBB (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B- (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F3 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB (nga) |
Affirmed |
|
SUPPORT RATING |
5 |
Affirmed |
|
SUPPORT RATING FLOOR |
NF |
Affirmed |
2016/2017
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B- |
|
National Short Term Rating |
F3 (nga) |
|
National Long Term Rating |
BBB (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F2 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB+ (nga) |
Affirmed |
|
SUPPORT RATING |
4 |
Affirmed |
|
SUPPORT RATING FLOOR |
B |
Affirmed |
2015/2016
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
F2 (nga) |
|
National Long Term Rating |
BBB+ (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F2 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB+ (nga) |
Affirmed |
|
SUPPORT RATING |
4 |
Affirmed |
|
SUPPORT RATING FLOOR |
B |
Affirmed |
2014/2015
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
F2 (nga) |
|
National Long Term Rating |
BBB+ (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F2 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB+ (nga) |
Affirmed |
|
SUPPORT RATING |
4 |
Affirmed |
|
SUPPORT RATING FLOOR |
B |
Affirmed |
2013/2014
| CRITERIA | RATING |
|---|---|
|
Short Term Issuer |
B |
|
Long Term Issuer |
B |
|
National Short Term Rating |
F2 (nga) |
|
National Long Term Rating |
BBB+ (nga) |
|
Outlook |
Stable |
| RATING | ACTION | |
|---|---|---|
|
LTR |
B (STABLE) |
Affirmed |
|
STR |
B |
Affirmed |
|
VIABILITY RATING |
b- |
Affirmed |
|
NATIONAL SHORT TERM RATING |
F2 (nga) |
Affirmed |
|
NATIONAL LONG TERM RATING |
BBB+ (nga) |
Affirmed |
|
SUPPORT RATING |
4 |
Affirmed |
|
SUPPORT RATING FLOOR |
B |
Affirmed |
Global Credit Rating
2022/2023
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A1(NG) |
|
National Long Term Rating |
A(NG) |
|
Outlook |
Positive |
2021/2022
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A1(NG) |
|
National Long Term Rating |
A(NG) |
|
Outlook |
Positive |
2020/2021
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Negative |
2019/2020
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2018/2019
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2017/2018
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2016/2017
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2015/2016
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A2(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2014/2015
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A1-(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
2013/2014
| CRITERIA | RATING |
|---|---|
|
National Short Term Rating |
A1-(NG) |
|
National Long Term Rating |
A-(NG) |
|
Outlook |
Stable |
Agusto
2022/2023
| CRITERIA | RATING |
|---|---|
|
Rating |
A |
|
Outlook |
Stable |
2021/2022
| CRITERIA | RATING |
|---|---|
|
Rating |
A |
|
Outlook |
Stable |
2020/2021
| CRITERIA | RATING |
|---|---|
|
Rating |
A |
|
Outlook |
Stable |
Moody’s
2022/2023
| CRITERIA | RATING |
|---|---|
|
Long Term CRR |
B3 |
|
Long Term Debt |
B3 |
|
Long Term Deposit |
B3 |
|
Outlook |
Under Review |
2021/2022
| CRITERIA | RATING |
|---|---|
|
Long Term CRR |
B2 |
|
Long Term Debt |
B2 |
|
Long Term Deposit |
B2 |
|
Outlook |
Stable |
