Rating Release 

Agusto & Co. hereby affirms the “A-” long term and “A1” short term ratings assigned to Coronation Group Limited with a stable outlook 

The rating expires on 30 June 2026 

Agusto & Co. hereby affirms the “A-” long-term and “A1” short-term ratings assigned to Coronation Group Limited (“CGL” or “the Company”). The ratings reflect CGL and its subsidiaries’ (“Coronation Group” or “the Group”) significant market share in the financial services industry, experienced leadership team, acceptable capitalisation, strong support from the ultimate promoters, diverse funding profile and ability to refinance from the debt capital market. However, the ratings are constrained by the considerable concentrations in ultimate beneficial ownership and investment portfolio and the reliance on unsustainable income streams in the review year. We have also considered the Group’s ability to sustain performance in a weak macroeconomic climate and minimise the impact of the elevated inflation rate on operating expenses.

Coronation Group is focused on becoming a Pan-African diversified, technology-driven financial services group providing transformational solutions to Africa’s challenges.