Agusto & Co., Nigeria’s leading credit rating agency, has upgraded Coronation Asset Management Limited’s rating to A from A-, citing significant improvements in risk management practices.
The rating, which expires on December 31, 2026, reflects the firm’s enhanced operational infrastructure and strategic positioning as a top-tier institutional-grade asset manager.
The upgrade follows a comprehensive assessment of research capabilities, investment management processes, risk oversight frameworks, corporate governance structure, technology deployment, and financial performance metrics, including growth in assets under management.