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Agusto & Co. assigns a rating of “Bbb+” to the United Capital Plc

Rating release

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.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.