Rating Release
Agusto & Co. hereby affirms the “Bbb+” rating assigned to the Bauchi State Government’s Bauchi State Government’s ₦10.4 billion 16.5% Fixed Rate Series 1 Bond 2026 (formerly ₦15 billion bond) a stable outlook
The rating expires on 30 September 2024.
Agusto & Co. hereby affirms the “Bbb+” rating assigned to the Bauchi State Government’s (“Bauchi”, “the State” or “the Issuer”) ₦10.4 billion 16.5% Fixed Rate Series 1 Bond 2026 (“the Bond” or “the Issue”). The rating reflects the continuous fulfilment of the Irrevocable Standing Payment Order (ISPO) authorising monthly deductions of appropriate amounts from the State’s statutory allocation into a designated sinking fund account (SFA) towards meeting coupon and principal obligations
The opinions expressed in this rating release do not represent investment or other advice and should therefore not be construed as such. Visit www.agusto.com for further information.
