LeapFrog company gets 1st rating

LeapFrog Investments Nigeria-based financial services portfolio company has been assigned first-time national scale long-term and short-term issuer ratings, by a rating agency.

AIICO Capital has received a national scale long-term issuer rating of A-(NG)) and a national scale short-term issuer rating of A2 (NG), with a stable outlook.

The company’s rating reflects its moderately strong competitive position earnings stability, as well as the displayed strong liquidity metrics.

AIICO’s stable outlook reflects the rating agency’s view that the firm will continue to maintain a conservative balance sheet, with minimal risk exposure.

LeapFrog is invested in AIICO Capital through its parent company, AIICO Insurance, a Nigeria-based financial services company.

The investor first backed AIICO Insurance in 2019, backing an approximately $13.66 million (₦5.3 billion) investment into the company.

See issuer profile here