Infrastructure Credit Guarantee Company Limited

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Infrastructure Credit Guarantee Company Limited (2021-09)
  • Infrastructure Credit Guarantee Company Limited
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

Operational uniqueness offers some monopolistic privileges to InfraCredit, with no direct competitor in the country presently. However, the company reflects low level of diversification by product and customer base, and its operations are limited to Nigeria. Earnings growth was mainly fuelled by FX gains in FY20 as the COVID-19 pandemic impacted on finalisation of potential mandates.

Additional Information

InfraCredit was incorporated as a limited liability company on 20 October 2016, following a feasibility study (undertaken jointly by NSIA and GuarantCo in 2014) covering the prospects for establishing a Nigerian infrastructure credit enhancement facility, with the specific objective of attracting the investment interest of a pool of long-term capital for credit worthy infrastructure projects. The stable outlook reflects GCR’s expectation that InfraCredit would ensure strong capitalisation characterised by significant core equity components, and maintain strong asset quality despite the expected rapid guaranteed portfolio growth and the strains in the operating environment.

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