Rating Release 

Agusto & Co. hereby assigns “Bbb” long term “A2” short term ratings assigned to Sage Grey Finance Limited with a stable outlook. 

The rating expires on 30 June 2027

 Agusto & Co. hereby assigns “Bbb” long term and “A2” short term ratings to Sage Grey Finance Company Limited (“Sage Grey Finance” or “the Company”). The ratings reflect the Company’s good capitalisation, adequate liquidity profile, and experienced management team. However, the ratings are constrained by Sage Grey Finance’s rapid risk asset portfolio growth, significant concentration in the funding base and a considerable reliance on advisory income from affiliates. We have also considered the Company’s ability to preserve asset quality in a macro environment marked by elevated pressures and the risk management architecture that remains untested across multiple business cycles.

Sage Grey Finance is a licensed finance company that commenced operations in October 2020 and focuses on providing credit and related financial services to commercial and individual clients in Nigeria.