Global Credit Ratings has reaffirmed SFS Capital Nigeria Limited’s credit rating.

According to a statement issued on Monday, the agency maintained the company’s long-term issuer rating at A-(NG) and short-term rating at A2(NG), with a stable outlook signalling confidence in its strong financial health and risk management practices.

GCR attributed the ratings to SFS Capital’s robust liquidity position, highlighted by a 3.2x liquidity coverage ratio in 2024, and the company’s consistent focus on leveraged operations.

According to the agency, these factors provide a solid buffer against economic volatility and underscore its disciplined financial approach.

Established in 2007, SFS Capital has become a key player in Nigeria’s capital market, particularly in Real Estate Investment Trust (REIT) management.

“The firm currently oversees two of the country’s three listed REITs, affirming its leadership in the segment. Its unaudited financials for 2024 show gross revenue of N635.5m, a 19 per cent increase from the previous year despite rising inflation and market uncertainties,” it stated.

“With total assets under management standing at N113.4bn, the company’s recent expansion to Abuja and Port Harcourt aims to promote financial inclusion and deliver investment access across regions,” it added.

It further noted that analysts suggest that SFS Capital’s forthcoming launch of a new REIT has the potential to bolster Nigeria’s economic diversification drive and enhance the depth of the nation’s capital markets.

“This latest credit rating reaffirmation further solidifies the firm’s reputation as a stable and forward-looking player within Nigeria’s expanding financial landscape,” it noted.