Our objectives is to bring Nigerians Affordable Housing
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NMRC Credit Ratings
Credit Rating
Agusto & Co
Agusto & Co has upgraded its credit rating of the Nigeria Mortgage Refinance Company (NMRC) Plc from “A+” to “Aa- “.
The pan-African leader in credit ratings and credit reports said the upgrade reflects NMRC’s profitability, good asset quality, capitalization for current business risks, liquidity,
and experienced management team.
The assigned rating also factored the Federal Government of Nigeria (FGN)’s irrevocable and unconditional guarantee of NMRC’s Bond Issuance Program to the tune of N100billion
while noting the impact of Nigeria’s weak economy on the Company’s operations.
Credit Rating
GCR
GCR affirmed the A- rating to Nigeria Mortgage Refinance Company (NMRC or the Company). The accorded rating reflect the company’s operational uniqueness as a private sector entity with a public purpose, adequate capitalization, highly liquid balance sheet and strong asset quality with no default reported from inception to date. GCR also attached a “stable” outlook to the rating.
