Odu’a Investment Company Achieves AA-(NG) Rating from GCR

Odu’a Investment Company Limited announced that GCR Ratings has assigned it a national scale long-term issuer rating of AA-(NG) and a short-term issuer rating of A1+(NG), with a Stable outlook. This rating acknowledges the company's strong portfolio and conservative financial profile.

Group Chairman Dr Tola Kasali stated that the rating affirms the Group's legacy of prudent stewardship and value creation. He noted that the AA-(NG) rating reflects the Group’s conservative leverage, strong liquidity, and quality of underlying assets.

Group Managing Director Mr. Abdulrahman Yinusa expressed satisfaction with the assessment, highlighting a strong liquidity coverage of approximately 2x over the next 24 months, supported by a liquid portfolio valued at over NGN80 billion and unencumbered cash of NGN4.8 billion.

The Group plans to invest up to USD 200 million over the next three to five years into sectors such as hospitality, real estate, logistics, and power. GCR’s assessment also noted low leverage and robust debt servicing capacity.