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Coronation Merchant Bank limited rating has been affirmed at “A+” by Agusto & Co

Rating Release

The rating of Coronation Merchant Bank limited has been affirmed at “A+” by Agusto & Co. This rating expires 30 June 2019.

The rating is upheld by the Bank’s sound asset quality, good capitalization, strong liquidity profile as well as an experienced and stable management team. Nonetheless, the rating is constrained by the concentration in its loan book and funding. The weak macroeconomic climate continues to be a threat to the performance of the Bank.

The opinions expressed in this rating release do not represent investment or other advice and should therefore not be construed as such. Visit www.agusto.com for further information.

 

This rating release is transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit given to Agusto & Co.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.