Global Credit Ratings (GCR) has reaffirmed the long-term and short-term credit ratings of SFS Capital Nigeria Limited, maintaining an A-(NG) rating for long-term and A2(NG) for short-term, with a stable outlook. The announcement was made in a statement issued on Monday.
The rating agency cited SFS Capital’s strong liquidity—highlighted by a 3.2x liquidity coverage ratio in 2024—as a key reason for the rating. GCR also praised the company’s disciplined financial strategy and resilience amid economic uncertainties.
Founded in 2007, SFS Capital has carved out a niche in Real Estate Investment Trust (REIT) management, emerging as a market leader by managing two of Nigeria’s three listed REITs.
Despite inflationary pressures and market fluctuations, SFS Capital recorded N635.5 million in gross revenue in 2024, reflecting a 19% year-on-year growth, based on unaudited results. The firm currently has N113.4 billion in assets under management.
As part of its strategic growth, the firm has recently expanded operations to Abuja and Port Harcourt, a move aimed at boosting financial inclusion and regional investment access.
Market analysts suggest that the forthcoming launch of a new REIT by the firm could significantly contribute to Nigeria’s economic diversification and further deepen the capital market.
“The reaffirmation of our credit rating by GCR underscores investor confidence in our business model, operational stability, and long-term prospects,” said Henry Falaiye, Managing Director of SFS Capital.
