FCMB Asset Management Limited Upgraded to A(NG)/A1(NG) by GCR Ratings, Affirming Stable Outlook

The upgrade reflects the plus manager’s accordant net growth, disciplined liquidity, and marketplace leadership.FCMB Asset Management Limited (FCMBAM), the plus absorption limb of FCMB Group Plc, has received an upgrade to its nationalist standard semipermanent and short-term issuer ratings of A(NG) and A1(NG), from A-(NG) and A2(NG), by GCR Ratings (GCR), a starring pan-African recognition standing agency.
 The outlook connected the ratings remains stable.

The upgrade is anchored connected FCMBAM’s competitory resilience and fiscal discipline, alongside the strengthened recognition illustration of FCMB Group Plc. GCR highlighted FCMBAM’s decade-long way grounds of beardown performance, well-established marque franchise, diversified merchandise suite, and robust organisation web arsenic cardinal drivers of its standalone strength. 
These are further supported by accordant net maturation and a disciplined, unleveraged equilibrium sheet.

According to GCR, FCMBAM’s competitory presumption is supported by “its comparatively agelong way record, beardown marque franchise, established merchandise and geographical organisation network, and cross-selli...