Rating Release 

Agusto & Co. hereby affirms Adino Capital Limited’s (“Adino Capital”, “ACL”, or “the Company”) “Bbb+” (long term) and “A2” (short term) ratings with a stable outlook 

The rating expires on 30 June 2026 

Agusto & Co. hereby affirms Adino Capital Limited’s (“Adino Capital”, “ACL”, or “the Company”) “Bbb+” (long term) and “A2” (short term) ratings. The ratings reflect Adino Capital’s good liquidity and funding profile, strong capitalisation metrics, significant holdings of liquid and marketable assets, low leverage and experienced management team. However, the ratings are constrained by the sizeable contribution of volatile revaluation gains to earnings, which threatens the consistency of performance, and the concentration in the ultimate shareholding structure of the Adino ecosystem.

ACL is a self-regulated investment holding firm focused on managing proprietary investments across alternative and traditional asset classes, including government securities, money market placements, real estate and private equity.