Tag: Agusto and Co.

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PremiumTrust Bank bags dual credit rating upgrades from Agusto, DataPro

PremiumTrust Bank has secured upgraded credit ratings from both Agusto & Co. and DataPro Limited, a development that highlights the lender’s financial soundness, robust risk management practices and steady growth path. Agusto raised the Bank’s long-term rating from BBB+ to A-, while its short-term rating moved from A2 to A1. DataPro, on its part, upgraded […]

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Banks brace for inflow surge to meet new capital requirements

Credit rating agency, Agusto and Co. have forecasted that up to N4 trillion of inflow is expected by banks to meet the Central Bank’s new capital requirements if the apex bank could resist pressure to include retained earnings or shareholders’ funds when calculating banks’ new capital. In its opinion on the new rule put in […]