Fast Credit Limited, a prominent player in Nigeria’s financial landscape, has been awarded long-term investment-grade ratings by two leading credit agencies.
Agusto & Co. assigned the company a “Bbb” rating with a stable outlook, while DataPro rated it “BBB+” with an A2 stable outlook for the 2024/2025 period.
The ratings, according to Agusto & Co. and DataPro, reflect Fast Credit’s solid profitability, strong capitalization, a highly skilled management team, and a suite of innovative financial products tailored to meet diverse customer needs.
The ratings committees arrived at their decision after a comprehensive evaluation of the company’s financial performance, corporate governance practices, risk management framework, regulatory compliance, and its robust medium- to long-term outlook. The ratings also affirm Fast Credit’s strong credit profile, ample liquidity, and low default risk.
Commenting on the ratings, Emeka Iloelunachi, Managing Director and CEO of Fast…