Rating Release
Agusto & Co. hereby assigns a “Bbb” rating to Adino Global Markets Limited with a stable outlook
The rating expires on 30 June 2025
Agusto & Co. hereby assigns a “Bbb” rating to Adino Global Markets Limited (“Adino Global”, “AGML” or “the Company”). The rating is reflective of Adino Global’s good capitalisation and profitability and experienced management team who have demonstrated expertise in the core business activities of trading financial instruments. However, the rating is constrained by AGML’s reliance on volatile trading income, concentration in funding sources and a sizeable exposure to a speculative grade counterparty. We have also considered the impact of the weak macro environment including currency depreciation and heightened inflation on the Company’s operations.
Adino Global is a self-regulated trading and investment holding company with an interest in investing in regulated businesses such as portfolio management companies, securities brokerage firms, finance companies and microfinance banks.