Rating Release
Agusto & Co. hereby assigns an ‘A+’ rating to Stanbic IBTC Ventures Limited
The rating expires on 30 June 2023
Agusto & Co. hereby assigns an ‘A+’ rating to Stanbic IBTC Ventures Limited (“SIVL” or “the Company”). The rating reflects the Company’s membership of an established financial services group and the strong support from the Stanbic IBTC Group. The rating is also supported by SIVL’s good capitalisation, low leverage and good liquidity profile. However, the rating is constrained by the Company’s low profitability and significant exposure to an unrated fund. We have also considered the impact of the macro environment on the financial markets and SIVL’s performance.
SIVL is a wholly-owned subsidiary of Stanbic IBTC Holdings Plc (‘the Parent’) and part of the Stanbic IBTC Group (‘the Group’). The Company is an investment vehicle with activities including raising seed capital for the Group’s investment products and acting as a market maker for investments in private equities made available for sale by sister entities. As at 31 December 2021, SIVL’s total assets stood at ₦3.08 billion.
