Kogi State’s 15% N5 billion Bond has been assigned “Bbb+” rating by Agusto & Co.

Rating Category: Municipal Bonds

Kogi State’s 15% N5 billion Bond has been assigned “Bbb+” rating by Agusto & Co.

RATING RELEASE

Kogi State’s 15% ₦5 billion Bond has been assigned “Bbb+” rating by Agusto & Co.

This rating expires 30 September 2019.

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.

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Finance & Leasing

COMPANY	RATING	EXPIRY	OUTLOOK	COUNTRY
Citihomes Finance Company Limited	SR3	Nov 24 , 2023	Stable	Nigeria
Lukefield Finance Company Limited	Bbb-	Jun 30 , 2023	Stable	Nigeria
Credit Direct Limited	Bbb	Jun 30 , 2023	Stable	Nigeria

Corporates

COMPANY	RATING	EXPIRY	OUTLOOK	COUNTRY
North South Power Company Limited	A-	Jun 30 , 2023	Stable	Nigeria
African Foundries Limited	Bbb+	Jun 30 , 2023	Stable	Nigeria

Corporate Bonds

COMPANY	RATING	EXPIRY	OUTLOOK	COUNTRY
Viathan Funding Plc.’s ₦10 billion 10-year Series 1 Senior Guaranteed Fixed Rate Bond Due 2027	Aaa	Dec 31 , 2027	Stable	Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1	Aaa	Dec 31 , 2033	Stable	Nigeria