Skip to content
InfraCredit Logo
  • About us
    • Capital Providers
    • Our Board
    • Board Committee
    • Management
    • Governance
    • Our People Strategy
    • Procurement
    • Policies and Procedures
  • Our Guarantee
    • Guarantee Request
    • Our Products
    • Approval Process
  • Eligibility Criteria
  • ESG-Impact
    • ESG
    • Development Impact
    • Infrastructure Knowledge Exchange
      • Climate Finance Knowledge Exchange
  • Our Portfolio
  • Investor Relations
    • Annual General Meeting Notice
    • E-Dividend Mandate Form
    • Proxy Form
    • Audited Financial Statements
    • Unaudited Financial Statements
    • Annual Reports
    • Investor Presentations
    • Investor Factsheets
    • Shareholders Center
  • Media Center
    • Awards & Recognition
    • News & Updates
    • Press Release
    • Gallery
  • Contact
  • About us
  • Our Guarantee
  • Eligibility Criteria
  • Impact
  • Our Portfolio
  • Investor Relations
  • Media Centre
  • Contact
Close Trigger
Investor Login

RATING AGENCY, GCR, AFFIRMS INFRACREDIT’S NATIONAL SCALE LONG-TERM ISSUER RATING OF AAA(NG), OUTLOOK STABLE.

  • Home   |
  • RATING AGENCY, GCR, AFFIRMS INFRACREDIT’S NATIONAL SCALE LONG-TERM ISSUER RATING OF AAA(NG), OUTLOOK STABLE.

RATING AGENCY, GCR, AFFIRMS INFRACREDIT’S NATIONAL SCALE LONG-TERM ISSUER RATING OF AAA(NG), OUTLOOK STABLE.

  • July 2, 2024

Rating agency, Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (“InfraCredit”), for the seventh (7th) consecutive time with stable outlook.

In re-affirming InfraCredit’s AAA rating, GCR emphasized InfraCredit’s strategic role as an infrastructure credit guarantee provider in Nigeria, with a “complete not compete” competitive business nature. The rating recognizes InfraCredit’s strong capital and leverage position, sound risk profile, robust funding and liquidity.

“InfraCredit’s risk position is also a positive rating factor, underpinned by stringent underwriting criteria and the absence of any called guarantee, resulting in no recourse to InfraCredit to date”, the rating agency reported. GCR further accorded the rating to InfraCredit’s stable management team, with a sound risk and portfolio management experience.

The rating agency also highlighted how InfraCredit has progressed well with its mandate delivery, evidenced in the sustained growth in outstanding guaranteed portfolio to NGN203 billion (USD152.6 million) as of 31 March 2024 from NGN191.8 billion (USD213.3 million) in 2023, and NGN120 billion (USD267.5 million) in 2022, spread across prioritised and eligible sectors. Looking ahead, GCR records its high expectations for InfraCredit to encounter sustained business scaling given a pipeline of guaranteed transactions estimated at NGN627.6 billion (USD471.4 million).  InfraCredit’s funding structure is also recognized by GCR to be stable, comprising equity, preference shares and long-term subordinated borrowings from international DFIs.

GCR further indicated that InfraCredit’s competitive position assessment is also supported by a relatively strong Environmental, Social and Governance (ESG) implementation and monitoring, which includes ESG assessments for guaranteed entities and providing additional market access to lower quality corporates. The rating agency, more importantly, positively recognises the progress made in InfraCredit’s clean energy transition within the power sector portfolio and the milestones achieved over the last three years.

Speaking on the ratings outcomes, InfraCredit’s CEO, Chinua Azubike said, “the consistent affirmations of InfraCredit’s “AAA” rating, with stable outlook, by GCR successively for seven years is an exemplification of the resilience and sustainability of our proven and unique business model, strategy execution, strong management team, solid balance sheet, sound quality of our guarantees and strong risk management practice. Equally noteworthy, is the consistent recognition of InfraCredit’s increasing ESG impact by the rating agency which denotes our commitment towards ensuring a strong consideration of not just economic but social and environmental impacts of all projects we support. The recognition by the rating agency of the positive impact our risk sharing portfolios on our net leverage ratios affirms our growth strategy through partnership and collaboration with our development partners”

About InfraCredit

InfraCredit is a ‘AAA’ rated specialised infrastructure credit guarantee institution backed by the Nigeria Sovereign Investment Authority, GuarantCo, InfraCo Africa (Private Infrastructure Development Group companies), KfW Development Bank, Africa Finance Corporation, African Development Bank and domestic institutional investors – Leadway Assurance Company Limited and AIICO Insurance Plc, to provide local currency guarantees and mobilize long term debt financing for infrastructure in Nigeria.

InfraCredit’s guarantees act as a catalyst to attract domestic credit from pension funds, insurance firms and other long-term investors into credit-worthy infrastructure projects, thereby deepening the Nigerian debt capital markets. InfraCredit operates on a commercial basis with a developmental role and benefits from private sector governance. InfraCredit maintains the highest domestic financial strength ratings accorded to any financial institution by Agusto and Co. and Global Credit Ratings Co., two of the major domestic credit rating agencies and international rating agency, Fitch Ratings.

InfraCredit’s guarantees promote (i) financial inclusion, by bringing first-time borrowers to the domestic bond market, (ii) financial deepening, by extending bond tenors for corporates, and by broadening bond investor bases, and (iii) financial innovation, by introducing new fixed income instruments such as green bonds.

InfraCredit is a Harvard Business School (HBS) Case Study and has been part of the HBS Curriculum for first-year MBA students since 2018.

InfraCredit Media & Guarantee Enquiries

Guarantee Enquiries : [email protected]
Media Enquiries : [email protected] [email protected]

+234 (0) 1 631 2300

www.infracredit.ng

Quick link

  • Awards & Recognition
  • Media center
  • News & Updates
  • Projects
  • Training

INFRACREDIT’S GUARANTEE SUPPORTS CRANEBURG EKSG MOTORWAY COMPANY PLC’S ISSUANCE OF NGN32.50 BILLION 20-YEAR SENIOR GUARANTEED FIXED-RATE INFRASTRUCTURE BONDS DUE 2045

April 24, 2025

Lagos, 24 April 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is pleased to

INFRACREDIT SECURES STRATEGIC INVESTMENT FROM MOBILIST AND MARKS ITS LISTING ON NASD AS IT TRANSITIONS TO A PUBLIC COMPANY

April 14, 2025

Lagos, Nigeria | 14 April 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is

INFRACREDIT’S GUARANTEE SUPPORTS GREEN LIQUIFIED NATURAL GAS LIMITED (GLNG)’S ISSUANCE OF NGN11.85 BILLION 10-YEAR SENIOR GUARANTEED FIXED-RATE SERIES II INFRASTRUCTURE BONDS DUE 2035

March 10, 2025

Lagos, 10 March 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is pleased to announce

Loading...

InfraCredit Capacity Building Report 2022

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2021

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2020

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2018

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure
Facebook
Twitter
LinkedIn
Previous InfraCredit Secures US$15 Million Facility from African Development Bank Group to support Infrastructure Financing in Nigeria. Next Finalist – General Counsel of the Year, African Legal Awards 2024
NEWSLETTER & UPDATES

Subscribe to our newsletter to get our latest updates & news

QUICK LINKS
  • About Us
  • Our Guarantee
  • Eligibility Criteria
  • Sustainability
  • Our Portfolio
  • Investor Factsheet
  • Media Centre
  • ESG Disclosure
  • Complaint Channel
-
  • Our Board
  • Board Committee
  • Our People Strategy
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Careers
  • InfraCredit STAR Academy Programme
  • Guarantee Request
CONTACT US
  • 1, Adeyemo Alakija Street, Victoria Island,
    Lagos, Nigeria
  • +234 (01) 631 2300 – 29
  • [email protected]
  • © 2025 All rights reserved by InfraCredit
Youtube Linkedin Twitter
InfraCredit Logo
Menu
  • About us
    • Capital Providers
    • Our Board
    • Board Committee
    • Management
    • Governance
    • Our People Strategy
    • Procurement
    • Policies and Procedures
  • Our Guarantee
    • Guarantee Request
    • Our Products
    • Approval Process
  • Eligibility Criteria
  • ESG-Impact
    • ESG
    • Development Impact
    • Infrastructure Knowledge Exchange
      • Climate Finance Knowledge Exchange
  • Our Portfolio
  • Investor Relations
    • Annual General Meeting Notice
    • E-Dividend Mandate Form
    • Proxy Form
    • Audited Financial Statements
    • Unaudited Financial Statements
    • Annual Reports
    • Investor Presentations
    • Investor Factsheets
    • Shareholders Center
  • Media Center
    • Awards & Recognition
    • News & Updates
    • Press Release
    • Gallery
  • Contact
Investor Login