PROMOTED: GCR affirms A- (NG) and A2 (NG) rating to Sundry Foods Limited | TheCable
SFL’s Head, Marketing, Nduka Mokwunye, said in a statement that the affirmation of the company’s national credit ratings by GCR was contained in the latest report of the credit rating agency.
“The competitive position of Sundry Foods is anchored on its growing business and increasing market penetration. The company has developed a good brand presence in the market, with six brands entrenched in the quick service restaurant, bakery, and catering services segments.” GCR said. GCR noted that as the company sustains its expansion drive, it anticipates revenue growth of 32 percent in 2023 and 35 percent in 2024.
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