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Agusto & Co. hereby affirms the “Bbb” rating assigned to Transcorp Hotels Plc’s series 1 & 2 Bonds

Rating Release

Agusto & Co. hereby affirms the “Bbb” rating assigned to Transcorp Hotels Plc’s Series 1 & 2 Bonds:

  •  ₦10 billion 7-year 16% fixed rate unsecured bond due 2022 (“Series 1”)
  •  ₦9.758 billion 5-year 15.5% fixed rate unsecured bond due 2020 (“Series 2”)

The rating expires on 30 September 2019.

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.