FCMB Asset Management Scores National A(NG)/A1(NG) Upgrade from GCR Ratings

FCMB Asset Management Limited has seen its national scale long-term and short-term ratings rise to A(NG) and A1(NG), up from A-(NG) and A2(NG), with a stable outlook from GCR Ratings. The upgrade reflects FCMBAM’s decade-long performance, strong brand presence and diversified offerings. Key factors included 30% revenue growth, a 58%+ EBITDA margin, 5.0x liquidity coverage and a top-five market share among Nigerian asset managers. The CEO said this validation underscores their disciplined, unleveraged strategy and readiness for higher capital thresholds and digital transformation. FCMBAM manages multiple collective investment schemes and tailored portfolios under SEC regulation.

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