Agusto & Co. affirms the Bbb+ rating assigned to Infinity Trust Mortgage Bank Plc
The rating expires on 30 June 2020.
Agusto & Co. affirms the Bbb+ rating assigned to Infinity Trust Mortgage Bank Plc. (“Infinity Trust” or “ITMB” or “the Bank”) underpinned by the Bank’s satisfactory asset quality, improved liquidity and funding profile, and adequate capitalisation. The rating is however impeded by Infinity Trust’s profitability which is below our expectations and a high level of concentration in the Bank’s loan book.
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