Rating agency Agusto & Co. has affirmed the 'A3' rating for Abbey Mortgage Bank. This affirmation highlights the bank's stable financial position as reported by THISDAYLIVE.
Agusto & Co., a prominent rating agency, has reaffirmed its 'A3' rating for Abbey Mortgage Bank. The announcement was published on THISDAYLIVE on October 29, 2025. This rating indicates a strong assessment of the bank's creditworthiness and operational stability within Nigeria's financial sector.
The affirmation comes amid ongoing evaluations of mortgage institutions in the country. Abbey Mortgage Bank, a key player in Nigeria's housing finance market, maintains this rating, reflecting confidence in its risk management and financial health. No further details on the specific factors influencing the affirmation were provided in the report.
This development underscores the resilience of select Nigerian banks in a challenging economic environment.