Unitrust Insurance Company Limited’s credit rating has been upgraded from “Bbb+” to “A-” and a stable outlook has been attached to the rating.
Unitrust said the achievement underscored the company’s good capitalisation on the back of strong shareholders’ support, good liquidity profile and improving investment returns.
Read Also: Japa syndrome: Fleeing Nigeria is not the solution – Ajaero
According to the company, the rating reflects Unitrust Insurance Company’s good financial condition and strong capacity to meet its obligations relative to all other insurance companies in Nigeria.
Unitrust Insurance Company offers a range of products and services to individuals and businesses.
Agusto & Co is a leading independent rating agency in Nigeria, providing credit ratings and credit risk management and research to a wide range of organisations.