Rating Release 

Agusto & Co. hereby affirms the “Bbb-” long term “A3” short term ratings assigned to MBO Capital Management Limited with a stable outlook. 

The rating expires on 30 June 2027 

Agusto & Co. hereby affirms the “Bbb-” long term and “A3” short term ratings assigned to MBO Capital Management Limited (“MBO Capital”, “MCM” or “the Company”). The ratings reflect MCM’s experienced management team, good credit origination supported by nil non-performing loans, strong franchise in creative sector financing, and diverse income sources including funding and non-funding activities. However, the ratings are constrained by the Company’s subpar capital buffers for planned business growth, significant concentration across funding base, debt and equity portfolios, volatile earnings from equity investments and weak liquidity profile. We have also considered MBO Capital’s ability to maintain asset quality in a period marked by high default risk and manage accelerated business growth in a heightened risk environment.

MBO Capital is licensed by the Securities and Exchange Commission (SEC) to carry out alternative investments and private equity fund management, and financial advisory services.