Agusto & Co. upgrades Coronation Insurance Plc’s ratings to the “Bbb” (long term) and “A2” (short term), with a “stable” outlook. 

Rating Release 

Agusto & Co. upgrades Coronation Insurance Plc’s ratings to the “Bbb” (long term) and “A2” (short term), with a “stable” outlook. 

The rating expires on 30 June 2026 

Agusto & Co. upgrades Coronation Insurance Plc’s (‘Coronation Insurance’ or ‘the Insurer’ or ‘the Company’) ratings to “Bbb” (long term) and “A2” (short term), reflecting improved capitalisation levels, stronger liquidity profile and higher cash flow generation. The affiliation with Tengen Holdings Limited, comprising the Coronation ecosystem and Access Holdings Plc, which have been pivotal for business generation, was also considered in the assigned ratings. However, the ratings are constrained by low investment yields, significant intragroup risk and prevailing macroeconomic headwinds.