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Agusto & Co affirms the A+ rating to Nigeria Mortgage Refinance Company

Rating Release

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.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.