{"id":8251,"date":"2017-09-15T08:36:09","date_gmt":"2017-09-15T07:36:09","guid":{"rendered":"https:\/\/unitedcapitalplcgroup.com\/?p=8251"},"modified":"2017-09-15T08:36:09","modified_gmt":"2017-09-15T07:36:09","slug":"agusto-co-upgrades-united-capital-plcs-credits-rating-to-a-agusto-co-upgrades-united-capital-plcs-credits-rating-to-a","status":"publish","type":"post","link":"https:\/\/unitedcapitalplcgroup.com\/launch\/2017\/09\/15\/agusto-co-upgrades-united-capital-plcs-credits-rating-to-a-agusto-co-upgrades-united-capital-plcs-credits-rating-to-a\/","title":{"rendered":"Agusto &#038; Co Upgrades United Capital Plc\u2019s Credit\u2019s Rating to A-"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Lagos, Nigeria, 14, September, 2017<\/strong>\u2013 United Capital Plc, one of Africa\u2019s leading\u00a0investment banking groups, has received an \u2018A-\u2019 Credit Rating from top Pan African Credit Rating Agency, Agusto &amp; Co, an upgrade from the firm\u2019s \u2018BBB+\u2019 rating the previous year (2015).<\/p>\n<p style=\"text-align: justify;\"><em>\u2018We are pleased to receive our new Credit Rating of \u2018A-\u2019 from Agusto &amp; Co, which is a step higher than the \u2018BBB+\u2019 rating the previous year. It is a testament of not only our investment banking capabilities but of healthy assets quality, sound risk management and high corporate governance within our organization. These are critical elements in building investor confidence domestically and internationally,<\/em>\u2019 stated Group CEO, Oluwatoyin Sanni.<\/p>\n<p style=\"text-align: justify;\">United Capital prides itself on delivering superior investment banking solutions to corporate, government and individual clients. The Group structure operates four businesses \u2013 \u00a0Investment Banking, Asset Management, Trusteeship and Securities Trading.<\/p>\n<p style=\"text-align: justify;\">According to the Report, United Capital\u2019s asset quality was categorized as \u2018good\u2019 with 27% of its assets invested in low risk FGN instruments and 54% held in investment grade quality short term and fixed instruments as at 31<sup>st<\/sup>\u00a0December 2016. The rating was further supported by the company\u2019s capable and experienced management team, extensive network access, good asset quality, very good profitability and good liquidity and funding profile.<\/p>\n<p style=\"text-align: justify;\">The report goes on to further support the rating with United Capital\u2019s 2016 gross earnings of N9 billion compared to N6.2 billion in 2015. The income growth was driven by increased investment income with low risk Federal Government of Nigeria instruments offering considerably decent yields. Fees and commission income also witnessed an uptick on the back of the company\u2019s continued strong market share in the debt capital market.<\/p>\n<p style=\"text-align: justify;\"><strong>Highlights of the Report:<\/strong><\/p>\n<ul class=\"plist\" style=\"text-align: justify;\">\n<li>\u2013 United Capital\u2019s adjusted capital to risk weighed assets ratio stood at 20%, better than the benchmark.<\/li>\n<li>\u2013 An improved cost to income ration of 29.3% due to increased income and a successful staff optimization programme.<\/li>\n<li>\u2013 The solid corporate governance framework includes a centralized and shared risk management system with various committees responsible for determining the risk objectives and strategies.<\/li>\n<li>\u2013 Each of United Capital\u2019s businesses met the minimum regulatory capital requirement for the different capital market operators.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">United Capital exists to empower Africans in the pursuit of their goals as individuals, companies, and governments. Despite economic challenges faced by domestic clients in recent times, United Capital\u2019s superior investment banking solutions have ensured that clients achieve their financial objectives. As the recovery process begins in Nigeria, we remain committed to our purpose and goals, providing our customers with not just the right choice when it comes to financial well-being, but the \u2018Intelligent Choice\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"tx-excerpt\">Lagos, Nigeria, 14, September, 2017\u2013 United Capital Plc, one of Africa\u2019s leading\u00a0investment banking groups, has received an \u2018A-\u2019 Credit Rating from top Pan African Credit Rating Agency, Agusto &amp; Co, an upgrade from","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-8251","post","type-post","status-publish","format-standard","hentry","category-feature-articles","category-news"],"_links":{"self":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts\/8251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/comments?post=8251"}],"version-history":[{"count":0,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts\/8251\/revisions"}],"wp:attachment":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/media?parent=8251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/categories?post=8251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/tags?post=8251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}