Rating Release
Agusto & Co. upgrades Jaiz Bank Plc’s ratings to ‘A-’ (long term) and ‘A1’ (short term), with a stable outlook
The rating expires on 30 June 2026.
Agusto & Co. upgrades Jaiz Bank Plc’s (‘Jaiz Bank’ or ‘the Bank’) ratings to ‘A-’ (long term) and ‘A1’ (short term), supported by the strong shareholders’ support as evidenced by the ₦10 billion additional capital injected during the review year. The assigned ratings are also hinged on the improved impaired facilities ratio, good profitability and strong liquidity profile. However, constraining these positive factors are the sectoral and obligor concentration in the financing portfolio and the lingering macroeconomic challenges. A ‘2’ ESG score has also been attached to the rating, reflecting our view that environmental, social and particularly governance issues have a minimal impact on the Bank’s credit risk profile.
