Sky Capital Group Receives BBB+ (GIN) Long-Term and A2 (GIN) Short-Term Ratings with Stable Outlook from Agusto & Co

Sky Capital Group Receives BBB+ (GIN) Long-Term and A2 (GIN) Short-Term Ratings with Stable Outlook from Agusto & Co

Adebowale Adekanbi

9/26/20241 min read

Sky Capital Group is pleased to announce that it has been assigned a BBB+ (GIN) Long-Term Rating and A2 (GIN) Short-Term Rating, both with a Stable Outlook, by Agusto & Co, Nigeria’s foremost credit rating agency.

The ratings reflect the Group’s:

  • Structured governance and oversight framework

  • Diversified financial services platform.

  • Earnings stability and capital adequacy

  • Prudent risk management culture

The Stable Outlook underscores confidence in the Group’s ability to maintain its financial profile over the medium term.

What the Ratings Mean

  • BBB+ (GIN) indicates adequate capacity to meet long-term financial obligations within the Nigerian market context.

  • A2 (GIN) denotes strong capacity to meet short-term financial commitments.

These ratings reinforce Sky Capital Group’s commitment to disciplined growth, financial resilience, and sustained stakeholder value creation.

About Sky Capital Group

Sky Capital Group is the financial services holding company arm of SIFAX Group, a Nigerian conglomerate with interests in maritime logistics, aviation, oil and gas, energy, transport and logistics, hospitality, and financial services. The Group provides commercial banking, asset management, insurance brokerage, and microfinance banking services, with subsidiaries in Guinea, Sierra Leone and an affiliate bank in The Gambia.

The Group is committed to delivering sustainable financial solutions while maintaining strong governance, regulatory compliance, and prudent risk management practices. The Group benefits from the affiliation with SIFAX Group through access to established businesses across Africa.

Click the button below to Kindly find the detailed rating report.