Agusto & Co affirms the A+ rating to Nigeria Mortgage Refinance Company
The rating expires on 30 June 2020.
Agusto & Co affirms the A+ rating to Nigeria Mortgage Refinance Company (NMRC or the Company). The rating of the Company is supported by NMRC’s good profitability, strong capitalisation, good asset quality and a strong liquidity and funding profile. The rating is however constrained by the low contribution of the Company’s core activities to earnings and concentration in the obligor base.
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