Agusto & Co. affirms Parthian Partners Limited’s ‘Bbb‘ rating
The rating expires on 30 June 2022
Agusto & Co. hereby affirms the “Bbb” rating assigned to Parthian Partners Limited (“PPL” or “the Company”). The rating reflects PPL’s good capitalisation and profitability, its experienced management team and support from owners. However, the rating is constrained by the concentration in the Company’s placement portfolio, the early stages of the life of related businesses and the adverse impact of the COVID-19 pandemic on the economy.
PPL is a Securities and Exchange Commission (SEC) licensed and FMDQ Securities Exchange Limited registered inter-dealer broker. The Company provides wholesale brokerage services to market dealers and investors, including pension fund administrators, fund managers, banks and international financial institutions. PPL primarily facilitates trading in the fixed income securities of the Federal Government of Nigeria (FGN) and other issuers.