NMRC Credit Ratings
Agusto & Co
Agusto & Co affirmed the A+ rating to Nigeria Mortgage Refinance Company (NMRC or the Company). The rating of the Company is supported by NMRC’s good profitability, strong capitalization, good asset quality and a strong liquidity and funding profile. Agusto & Co also attached a “stable” outlook to the rating, given NMRC’s good asset quality, strict adherence to the uniform underwriting standards and comprehensive risk assessment of participating lending institutions.
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.