Foremost Capital Limited has secured a BBB+ credit rating from DataPro, an independent Nigerian credit-rating and compliance consulting firm, in a move that underscores the asset manager’s strengthening financial position and operating capacity less than two years after commencing operations.
The rating places Foremost Capital among investment-grade companies assessed by DataPro and provides an independent evaluation of the firm’s financial strength, liquidity, capitalization, profitability and overall operating position.
It also offers clients, investors, counterparties and regulators an external measure of the company’s ability to meet its obligations and manage investment mandates.
DataPro’s assessment highlighted Foremost Capital’s strong liquidity position and improving capitalisation, asset base and profitability.
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