Odu’a Investment secures top credit ratings on strong liquidity

Odu'a Investment Company Limited has been awarded an AA-(NG) long-term and A1+(NG) short-term credit rating by GCR Ratings, with a Stable outlook. The rating acknowledges the company's strong financial profile, high-quality investment portfolio, and disciplined capital management. Tola Kasali, the Group Chairman, praised the rating as a recognition of their five-decade legacy of prudent stewardship and value creation.

The AA-(NG) rating highlights the Group's conservative leverage, strong liquidity, and quality assets, even in frontier markets. The Group Managing Director, Abdulrahman Yinusa, expressed delight, stating that the rating confirms the Group's liquidity coverage of approximately 2x over the next 24 months. The balance sheet remains largely ungeared, with the modest N3bn bond at the subsidiary, Wemabod Limited, being well within servicing capacity.

GCR's Stable outlook indicates that the Group will continue to invest in financially strong and liquid securities, while pursuing growth initiatives in hospitality, real estate, logistics, and power sectors.