FCMB Asset Management Receives GCR Rating Upgrade

FCMB Asset Management has been upgraded by GCR to a national scale long-term issuer rating of ngA1 and a short-term issuer rating of ngA2, with a stable outlook. This upgrade reflects the company's strong financial performance, liquidity position, and credit profile, supported by its parent company, FCMB Group Plc.

Jame Ilori, Chief Executive Officer of FCMB Asset Management, emphasized the importance of external validation of their disciplined strategy and the establishment of a reliable investment franchise. The company has a long operational track record and strong brand recognition, contributing to its standalone credit strength.

As of December 31, 2025, FCMB Asset Management is projected to hold a 5% market share in Nigeria's asset management industry, with a 30% increase in revenue and a 13% rise in operational cash flow. The firm aims to lead in the evolving regulatory landscape and enhance client trust through its diverse investment schemes and portfolio management services.