Rating Release

Agusto & Co. affirms the “Aaa” (long term) and “A1+” (short term) ratings assigned to Infrastructure Credit Guarantee Company Plc (“InfraCredit” or “the Corporation” or “the Company”), with a stable outlook 

The rating expires on 31 August 2026. 

Agusto & Co. affirms the “Aaa” (long term) and “A1+” (short term) ratings assigned to Infrastructure Credit Guarantee Company Plc (“InfraCredit” or “the Corporation” or “the Company”), reflecting the good capitalisation and the continued support of the anchor shareholders – Nigeria Sovereign Investment Authority (rated “Aaa” by Agusto & Co) and Africa Finance Corporation (rated “Aaa” by Agusto & Co). InfraCredit’s strong liquidity profile and nil-called guarantee are also considered positive rating factors. Nevertheless, concentration in the guarantee portfolio and the prevailing macroeconomic vagaries (which have adversely impacted some infrastructure projects) have also been considered in arriving at the ratings. We have also attached a “2” ESG score to the ratings, reflecting our view that environmental, social, and governance issues have minimal impact on the Corporation’s credit profile.