Nigerian finance institution, Fast Credit Limited, has said it has received a long-term investment grade ratings of “Bbb” from Agusto & Co with a stable outlook, and “BBB+” long- term with an A2 stable outlook for 2023/2024 from DataPro, respectively.
“We at FCL are excited at the credit rating from both rating agencies, which is a next step towards other strategic initiatives that will continue to provide the company with a competitive advantage,” Iloelunachi said.
He added that the company provided several innovative types of credit products such as payroll lending, consumer products, SME, and corporate lending products to private and public sector employees and institutions. “The company also provides high-yielding investment products and target savings to individuals and institutional investors,” he said.
According to the statement, based on findings, the rating committees validated the ratings after an appraisal of the company’s financial performance, corporate governance & risk management, regulatory environment, risk factors, and outlook of its current healthy profile in the medium to long-term period.All rights reserved.
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