SFS Capital Nigeria Limited has maintained its strong standing in the asset management sector, following the reaffirmation of its long-term issuer credit rating at ‘A-(NG)’ and short-term rating at ‘A2(NG)’ by Global Credit Ratings (GCR).
The agency also maintained a stable outlook for the firm, citing its sound financial health and conservative risk approach.
Read also: Net income of SFS REIT Fund hits 12-year high
GCR highlighted SFS Capital’s solid liquidity, noting a 3.2x liquidity coverage ratio in 2024, as well as the company’s continued preference for unleveraged operations.
Since its establishment in 2007, SFS Capital has carved a niche in Real Estate Investment Trust (REIT) management, currently overseeing two of the three listed REITs on the Nigerian Exchange. The firm’s unaudited financial results for 2024 show a gross revenue of N635.5 million, a 19% year-on-year growth, despite inflationary pressures.
With assets under management totalling N113.4 billion, the company recently extended its operations to Abuja and Port Harcourt. The expansion is part of efforts to promote financial inclusion and improve access to investment products across Nigeria.
Read also: SFS REIT records 70% income growth, announces N14.50 per share dividend
Market analysts say the planned launch of a new REIT by SFS Capital could boost efforts to diversify Nigeria’s economy and strengthen the capital market.
The latest credit rating affirmation reinforces SFS Capital’s position as a resilient and strategic player in the country’s evolving financial landscape.
