Agusto & Co assigns a BBB-(IM) rating to Emerging Africa Asset Management Limited
The rating expires on 25 January 2023
Agusto & Co assigns a BBB-(IM) rating to Emerging Africa Asset Management Limited (‘EAAML’ or ‘the Manager’). The rating reflects the Manager’s experienced decision-making committees and support from a growing parent with interests across multiple industries within the financial services sector. However, the rating is impaired by EAAML’s limited operational track, very lean operating structure and inconsistent credit risk management framework. Agusto & Co has also taken into consideration the weak macroeconomic environment and its potential to heighten investment and business risks.