Agusto & Co. assigns a rating of “Bbb+” to the United Capital Plc.
This rating expires 30 June 2019.
Agusto & Co assigns a ‘Bbb+‘rating to United Capital Plc. (“United Capital” or “the Group”). The rating is supported by good brand equity, extensive network access, satisfactory asset quality and good profitability across its subsidiaries excluding the asset management business. The rating is however, constrained by concentration in the investment portfolio, high turnover at the senior management level and weak profitability in the asset management business.
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