DataPro Credit Rating Agency, a Securities and Exchange Commission-licensed rating agency and one of Nigeria’s leading independent assessors of institutional credit, has upgraded BAS Group’s Long-Term Investment Rating from BBB- to BBB+. The upgrade reflects DataPro’s assessment of three core institutional strengths: BAS Group’s stable revenue profile a, the quality and depth of its management team, and the strength of its liquidity position in an operating environment that has tested the resilience of financial institutions across the continent.
“This rating is a reflection of what our team has built over six years and, more importantly, what our clients have trusted us with. DataPro’s assessment validates the infrastructure we have been constructing for permanence. A BBB+ rating in this market, at this moment, means something. We do not take it lightly.” Abdulateef Hussein, chief executive officer of BAS Group said.
BAS Group was founded in 2020 with a single governing question:
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