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Credit Ratings

Investor relations

Credit Ratings

Nigeria-Stock-Exchange

NSE

NGN 19.15

0.00%

Share price up

27/03/2025

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

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