Rating Release
Agusto & Co. hereby upgrades the rating assigned to MBO Capital Management Limited to “Bbb-” with a stable outlook
The rating expires on 30 June 2026
Agusto & Co. hereby upgrades the rating assigned to MBO Capital Management Limited (“MCM” or “the Company”) to “Bbb-”. The upgrade is supported by MCM’s improving leverage and capitalisation, stable and experienced executive management team and nil non-performing loans (NPLs). We have also considered the capacity of the Company to divest from a healthy portfolio of investee companies, which should continue to support earnings in the near term. However, the rating is constrained by the MCM’s weak liquidity profile and concentration in the equity and debt portfolios. We have also considered the impact of the weak macro environment on credit risk management and the ability to identify exit channels for existing investments.
The Company focuses on facilitating access to funding for Small and Medium Scale Enterprises (SMEs) across the sub-Saharan Africa through principal investments, private equity funds and providing advisory services.
