Nigeria: C & I Leasing Credit Rating Upgraded to Bbb (Long Term) and A2

13 November 2025
This Day (Lagos)

C&I Leasing Plc, has received an upgrade in its credit ratings from leading pan-African credit rating agency, Agusto & Co., to "Bbb" (Long-Term) and "A2" (Short-Term), both with a Stable Outlook. This rating carries on to the end of H1 2026.

The upgrade reflects the recognition of C&I Leasing's strengthened business profile, improved funding diversification, and sustained leadership position in Nigeria's leasing and marine logistics industry. The agency also noted the Company's acceptable capitalization, low leverage, and experienced management team as key rating drivers.

This rating upgrade by Agusto & Co. Limited underscores our disciplined approach to financial management, our focus on operational excellence and our strategic diversification of earnings," said Group Managing Director/CEO of C&I Leasing Plc, Mr Ugoji Lenin Ugoji,. "Despite a challenging operating environment, we remain committed to efficiency, superior customer service and innovation across our business units. We are confident that this improved rating will further support our ambitions to deliver sustained value to our clients and shareholders."

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