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Agusto & Co withdraws Geregu Power’s rating after N40.09 billion bond default

Agusto & Co has withdrawn the “A-” credit rating assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond, after the company defaulted on its schedul

Kelechi MgbojiAugust 14, 20261 min read
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Agusto & Co has withdrawn the “A-” credit rating assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond, after the company defaulted on its scheduled eighth coupon payment and fourth principal repayment, raising fresh concerns about its near-term debt-servicing capacity.

The post Agusto & Co withdraws Geregu Power’s rating after N40.09 billion bond default appeared first on Nairametrics.

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