Nigerian REIT manager gets 1st rating

A Nigeria-based financial services company operating on the real estate investment trust (REIT) management space has been assigned first-time national scale long and short-term issuer ratings by GCR Ratings.

SFS Capital Nigeria 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.

This rating reflects SFS Capital’s moderate liquidity profile and earnings base, and its competitive edge in managing REITs.

The stable outlook reflects GCR’s expectations that SFS Capital will continue to maintain a conservative balance sheet, with minimal risk exposure, which should support liquidity over the medium term.

See issuer profile here