Agusto & Co. assigns a “Bbb+” entity rating to Infinity Trust Mortgage Bank Plc.
The rating expires on 30 June 2019.
The rating assigned to Infinity Trust Mortgage Bank Plc. (“Infinity Trust” or “ITMB” or “the Mortgage Bank”) is supported by the Mortgage Bank’s strong capitalisation, good liquidity & funding profile and qualified management team. The rating also takes into cognisance Infinity Trust’s satisfactory asset quality and good risk management processes. Although we observed high obligor concentration in the Mortgage Bank’s loan book, Agusto & Co takes comfort in the fact that; over 98.8% of Infinity Trust’s loans were secured with real estate properties.
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