Rating Release

Agusto & Co. hereby assigns a “Bbb(SL)” long term rating and an “A2(SL)” short term rating to ACTB Savings and Loans SL Limited (“ACTB” or “the Company”), with a stable outlook. 

The rating expires on 30 June 2026. 

Agusto & Co. hereby assigns a “Bbb(SL)” long term rating and an “A2(SL)” short term rating to ACTB Savings and Loans SL Limited (“ACTB” or “the Company”). The rating is supported by ACTB’s large market share and strong presence in the microfinance industry, a good liquidity profile, a robust capital adequacy ratio, a low portfolio-at-risk to gross loan ratio relative to industry best practice, an experienced management team, and strong shareholder support. However, the rating is constrained by the high cost of funding in the year under review. We have also considered the impact of macro headwinds on the Company’s business in arriving at the assigned ratings.