Agusto & Co. assigns A+ score to FBNQuest Asset Administration

Agusto & Co. assigns A+ score to FBNQuest Asset Administration

First Bank
First Financial institution of Nigeria (FBN) Restricted

FBNQuest Asset Administration, a subsidiary of FBNQuest Service provider Financial institution and member of FBN Holdings Group, has been rated an A+ (IM) score by Agusto & Co – a foremost score company in Nigeria.

The score is because of the fund supervisor’s sturdy operational observe file within the asset administration trade, pushed by well-composed and skilled decision-making committees and certified, long-serving consultants.

Agusto & Co. additionally affirmed the Aa-(f) score assigned to the FBN Cash Market Fund. The score is upheld by the fund’s improved adherence to regulatory necessities, good funding course of and low publicity to liquidity and rate of interest dangers.

“We’re elated to have been assigned an A+ (IM) and Aa-(f) score for the FBN cash market fund by Agusto & Co. regardless of the constraints within the macroeconomic surroundings. We purpose to maintain offering wonderful and high-quality funding providers to our shoppers,” stated Ike Onyia, managing director,

FBNQuest Asset Administration whereas talking on the score.

Learn additionally: What to know about FirstBank UK after 40 years

The score additionally displays the enough inner credit score assessments performed on proposed counterparties. The cash market fund is a collective funding scheme which was launched in September 2012, and is without doubt one of the largest funds amongst publicly listed cash market funds, with internet property in extra of N157.8 billion as at November 2022.

FBNQuest Asset Administration is without doubt one of the largest asset managers in Nigeria, selling and managing a number of collective funding schemes and discretionary shopper portfolios to ship high-end monetary funding services.

Agusto& Co is a Pan African chief in credit score rankings and credit score reviews. They’ve assigned effectively over 1,500 rankings throughout numerous sectors, and their rankings are accepted globally with a large shopper base using their rankings as a benchmark to measure enterprise success.

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