Agusto, DataPro Upgrades DLM Capital Ratings
By Aduragbemi Omiyale
DataPro and Agusto & Co have upgraded the credit ratings of a Lagos-based development investment bank, DLM Capital Group, following an improvement in its credit risk and liquidity risk management.
DLM Capital Group is a company with many subsidiaries, including DLM Advisory, DLM Asset Management, DLM Securities, CitiHomes Finance Company, DLM Nominees, DLM Trust Company, Sofri Bank (LINKS MFB), and DLM FX.
The group provides innovative solutions to economic and social developmental challenges that impact the everyday lives of people.
In its rating assessment, the pan African credit rating agency, Agusto, explained that it upgraded DLM Capital Group’s rating based on its strong brand, and expertise in structured credit, low leverage, and acceptable profitability, with a competent and experienced management team.
Agusto, in November 2023, also upgraded the company to a “Bbb” rating with a stable outlook from a previous rating “Bbb-” on account of improvement in credit risk and liquidity in risk management.
As for DataPro, it noted that the upgrade of DLM Capital’s rating from “A” to “A+” with a stable outlook was due to the organisation’s good revenue profile, good asset quality and experienced management team.