AGUSTO AFFIRMS PARTHIAN PARTNERS’ RATING AT ‘BBB’
Main Points:
1. Rating Affirmation:
- Agusto & Co Limited has affirmed Parthian Partners Limited’s credit rating at ‘Bbb’ with a stable outlook for 2024/2025.
2. Rating Details:
- The rating reflects Parthian Partners' profitability, asset quality, and management.
- Constraints include higher funding costs due to elevated interest rates and challenges in the inter-dealer broker (IDB) sector.
3. Management Response:
- CEO Oluseye Olusoga expressed satisfaction with the rating.
- The rating supports the company's expansion plans and its transition to a full-service investment bank.
4. Company Profile:
- Parthian Partners is Nigeria’s first inter-dealer broker and a member of the FMDQ Securities Exchange.
- The firm has facilitated over N5 trillion in FGN bonds and Treasury Bill trades, and over $1.20 billion in Eurobond transactions.
Main Points:
1. Rating Affirmation:
- Agusto & Co Limited has affirmed Parthian Partners Limited’s credit rating at ‘Bbb’ with a stable outlook for 2024/2025.
2. Rating Details:
- The rating reflects Parthian Partners' profitability, asset quality, and management.
- Constraints include higher funding costs due to elevated interest rates and challenges in the inter-dealer broker (IDB) sector.
3. Management Response:
- CEO Oluseye Olusoga expressed satisfaction with the rating.
- The rating supports the company's expansion plans and its transition to a full-service investment bank.
4. Company Profile:
- Parthian Partners is Nigeria’s first inter-dealer broker and a member of the FMDQ Securities Exchange.
- The firm has facilitated over N5 trillion in FGN bonds and Treasury Bill trades, and over $1.20 billion in Eurobond transactions.