Banks
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Providus Bank Plc | Bbb- | Jun 30 , 2022 | Stable | Nigeria |
| Globus Bank Limited | Bbb- | Jun 30 , 2022 | Stable | Nigeria |
| Access Bank Plc | Aa- | Jun 30 , 2022 | Stable | Nigeria |
| Rand Merchant Bank Nigeria Limited | Aa- | Jun 30 , 2022 | Stable | Nigeria |
| Union Bank of Nigeria Plc | A- | Jun 30 , 2022 | Stable | Nigeria |
| Coronation Merchant Bank Limited | A+ | Jun 30 , 2022 | Stable | Nigeria |
| Nova Merchant Bank Limited | Bbb | Jun 30 , 2022 | Stable | Nigeria |
| Wema Bank Plc | Bbb- | Jun 30 , 2022 | Stable | Nigeria |
| United Bank for Africa Plc | Aa- | Jun 30 , 2022 | Stable | Nigeria |
| FSDH Merchant Bank Limited | A-(NGA) B-(FCY) | Jun 30 , 2022 | Stable | Nigeria |
| Fidelity Bank Plc | A | Dec 31 , 2021 | Stable | Nigeria |
Bank Bonds
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Access Bank Plc ₦30 Billion Bond | A+ | Jun 30 , 2022 | Stable | Nigeria |
| Access Bank Plc ₦15 billion Green Bond | Aa- | Dec 31 , 2021 | Stable | Nigeria |
| Fidelity Bank Plc | A- | Nov 16 , 2021 | Stable | Nigeria |
| FSDH Funding SPV Plc | A-/ A | Dec 04 , 2021 | Stable | Nigeria |
| Union Bank of Nigeria Plc.’s ₦30 billion 10-year Bond | Bbb+ | Jun 30 , 2022 | Stable | Nigeria |
| Union Bank of Nigeria Plc - ₦13.5 billion combined Series 1 and Series 2 Bond | A- | Jun 30 , 2022 | Stable | Nigeria |
| Coronation MB Funding SPV Plc Bond | A | Jun 30 , 2022 | Stable | Nigeria |
| NOVAMBL Investments SPV Plc | Bbb- | May 20 , 2022 | Stable | Nigeria |
| Wema Funding SPV Plc Series II ₦17.7 billion 7-year Fixed Rate Bond | Bbb | Sep 10 , 2021 | Negative | Nigeria |
Corporates
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Axxela Limited | A- | Jun 30 , 2022 | Stable | Nigeria |
| Kawai Technologies Limited | Bb | Jun 30 , 2022 | Neutral | Nigeria |
| Flour Mills of Nigeria Plc | A- | Sep 30 , 2021 | Stable | Nigeria |
| Interswitch Limited | Withdrawn | -- | N/A | Nigeria |
Corporate Bonds
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Axxela Funding 1 Plc’s Series 1 Bond | A- | May 31 , 2022 | Stable | Nigeria |
| Transcorp Hotels Plc’s Series 1 & 2 Bonds | Bbb | Sep 30 , 2021 | Stable | Nigeria |
| TAK Agro Plc’s ₦15 Billion Bond | Bbb+ | Sep 30 , 2021 | Stable | Nigeria |
| NCNR SPV Limited’s ₦10.5 Billion Bond | A- | Sep 30 , 2021 | Stable | Nigeria |
| Flour Mills of Nigeria Plc.’s ₦10.11 billion Series 1 3-Year 15.5% Fixed Rate Senior Unsecured Bond | A- | Sep 30 , 2021 | Stable | Nigeria |
| Viathan Funding Plc.’s ₦10 billion 10-year Series 1 Senior Guaranteed Fixed Rate Bond Due 2027 | Aaa | Dec 31 , 2027 | Stable | Nigeria |
| NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 | Aaa | Dec 31 , 2033 | Stable | Nigeria |
| Municipality Waste Management Contractors Limited up to ₦27 Billion Series 1 (Tranches A, B & C) Bond | Awaiting Review | -- | - | Nigeria |
Finance & Leasing
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|
No Current Ratings
Funds & Investment Managers
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| First Ally Asset Management Limited | BBB+(IM) | Jul 09 , 2022 | Stable | Nigeria |
| United Capital Money Market Fund | A-(f) | Jun 21 , 2022 | N/A | Nigeria |
| Africa Plus Partners Limited | A-(IM) | Jun 23 , 2022 | Stable | Nigeria |
| Legacy Debt Fund | Aa- /FV3 | Jun 14 , 2022 | N/A | Nigeria |
| ARM Investment Managers Limited | AA(IM) | Jun 02 , 2022 | Stable | Nigeria |
| Abacus Money Market Fund | A-(f) | May 27 , 2022 | N/A | Nigeria |
| Zenith Money Market Fund | A-(f) | Mar 18 , 2022 | N/A | Nigeria |
| GDL Money Market Fund | Bbb-(f) | May 10 , 2022 | N/A | Nigeria |
| Coral Money Market Fund | A(f) | Apr 15 , 2022 | N/A | Nigeria |
| Chapel Hill Denham Money Market Fund | A+(f) | Mar 15 , 2022 | N/A | Nigeria |
| First Ally Money Market Fund | A(f) | Mar 12 , 2022 | N/A | Nigeria |
| ValuAlliance Money Market Fund | A(f) | Mar 02 , 2022 | N/A | Nigeria |
| AVA Global Asset Managers Limited | BBB-(IM) | Feb 09 , 2022 | Stable | Nigeria |
| Stanbic IBTC Money Market Fund | Aa(f) | Dec 31 , 2021 | N/A | Nigeria |
| Chapel Hill Denham Management Limited | A+(IM) | Dec 21 , 2021 | Stable | Nigeria |
| First Trustees ARM Money Market Fund | Aa(f) | Dec 31 , 2021 | Stable | Nigeria |
| Meristem Money Market Fund | A+(f) | Dec 31 , 2021 | Stable | Nigeria |
| Stanbic IBTC Asset Management | AA(IM) | Dec 16 , 2021 | Stable | Nigeria |
| FCMB Asset Management Limited | BBB+(IM) | Dec 06 , 2021 | Stable | Nigeria |
| Africa Plus Partners Limited | BBB+(IM) | Oct 24 , 2021 | Stable | Nigeria |
| United Capital Asset Management Limited | A-(IM) | Oct 27 , 2021 | N/A | Nigeria |
| Coronation Fixed Income Fund | A+(f)/FV5 | Aug 31 , 2021 | - | Nigeria |
| Coronation Money Market Fund | A(f) | Aug 10 , 2021 | N/A | Nigeria |
Insurance Companies
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|
No Current Ratings
Microfinance Banks
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|
No Current Ratings
Mortgage Institutions
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Nigeria Mortgage Refinance Company Plc’s ₦10 billion Series III Fixed-Rate Bond | Aaa(NG) | Nov 02 , 2021 | Stable | Nigeria |
| Infinity Trust Mortgage Bank Plc - Servicer Rating | SR3 | Oct 31 , 2021 | N/A | Nigeria |
Municipal Bonds
Securities & Investment Firms
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|
No Current Ratings
Trustee Firms
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|
No Current Ratings
Sovereigns & Supranationals
| COMPANY | RATING | EXPIRY | OUTLOOK | COUNTRY |
|---|---|---|---|---|
| Infrastructure Credit Guarantee Company Limited | Aaa | Jun 30 , 2022 | Stable | Nigeria |
