InfraCredit Secures Top-Tier 'AAA.NG' Rating for Nigerian Infrastructure Finance
Intelligence Africa Ratings has given InfraCredit a top-tier national rating. The agency assigned a 'AAA.NG' long-term issuer rating with a Stable Outlook. This decision highlights the firm's growing influence in Nigeria's financial sector and its role in funding key infrastructure projects.
InfraCredit specialises in providing credit guarantees for local-currency debt instruments. These guarantees help finance infrastructure projects across multiple sectors. The company's strong performance has earned it consistent 'AAA' ratings from other agencies, including Agusto & Co., GCR, and Fitch.
The latest rating reflects several strengths. InfraCredit's institutional profile has improved due to its public listing on NASD and increased participation from domestic institutional investors. It also operates under the Securities and Exchange Commission's Credit Enhancement Framework, which adds to its credibility.
Financial stability plays a key role in the assessment. The company maintains strong capitalisation, robust liquidity, and sound profitability. Since its launch, it has never faced a claim on its guarantees. Risk-sharing agreements with highly rated development finance institutions further support its balance-sheet resilience as its guarantee portfolio grows.
InfraCredit's investor base is broad and influential. Backers include the African Development Bank, the World Bank's IFC, Convergence Finance, and various development banks. Domestic supporters, such as the Nigeria Sovereign Investment Authority, KfW Development Bank, and local pension funds, also contribute to its financial strength.
The Stable Outlook suggests InfraCredit will keep its strong position among Nigerian financial institutions. Its ability to attract long-term local-currency capital for infrastructure remains a key factor. The rating confirms the company's role in supporting critical development projects across the country.
