Business news

Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default

Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment. In a statement, the pan-African credit rating agency said the decision was prompted by the default and […]