Falcon Corporation Achieves 'A' Credit Ratings from Agusto

Falcon Corporation has been assigned an 'A' long-term and 'A1' short-term corporate credit rating by Agusto & Co, a leading credit rating agency in Africa. The ratings come with a stable outlook and reflect Falcon's robust financial position, which is underpinned by sustained demand driven by industrial growth and the need for domestic power generation.

Audrei Joe Ezigbo, Chief Executive Officer of Falcon Corporation, stated that the ratings affirm the resilience of the company’s business model and operational clarity over its long-term strategy. With three decades of commitment to developing gas infrastructure, Falcon aims to support Nigeria's industrial growth and energy security.

Nelson Walter, Chief Financial Officer, emphasized the importance of maintaining a disciplined financial strategy to develop a robust balance sheet that supports sustainable growth ambitions. Chibuez Ekeocha, Chief Technical Officer, noted that the rating highlights the company’s technical leadership and operational excellence.