RusselSmith Achieves A- Long-Term Credit Rating Upgrade from DataPro

RusselSmith Group has been assigned a Long-Term Credit Rating of A- by DataPro Limited, one of Nigeria’s leading SEC-regulated credit rating agencies. The long-term rating represents an upgrade from the company’s previous rating of BBB+, with a Positive outlook and an upward trend.

According to DataPro’s rating methodology, a Long-Term Rating of A- indicates Low Risk, reflecting Very Good Financial Strength, Operating Performance, and Business Profile relative to the standards established by the agency. In DataPro’s assessment, RusselSmith has a strong ability to meet its ongoing obligations.

This assessment follows a period of demonstrable financial performance in Nigeria’s capital markets. In December 2025, RusselSmith completed the full repayment of its ₦3 billion Series 1 Commercial Paper, delivering complete returns to all investors within the stipulated timeline. The issuance had been oversubscribed at launch, reflecting strong market confidence in the company’s creditworthiness. The on-schedule repayment reinforced RusselSmith’s standing as a credible and dependable issuer in Nigeria’s debt capital markets.

Kayode Adeleke, Chief Executive Officer of RusselSmith Group, commented: “This upgrade to an A- long-term rating by DataPro is a direct reflection of the financial rigour, operational consistency, and strategic discipline that our team has maintained across our business. It validates the work we have done to build a company that our clients, partners, and stakeholders can rely on with confidence. We are not resting on this. The Positive outlook signals that the trajectory we are on is the right one, and we intend to sustain it.”