Agusto, DataPro upgrades DLM Capital Group’s credit ratings

Business a.m

Two rating agencies, DataPro and Agusto, have upgraded the credit ratings of Development Investment Bank, DLM Capital Group, based on improvements in the Group’s credit and liquidity risk management. The improvements were attributed to DLM’s sound asset and liability management, strong capital position, and effective governance, among other factors. 

In October 2023, the rating agency DataPro upgraded DLM Capital Group’s credit rating from “A” to “A+” with a stable outlook. The upgrade was attributed to several factors, including the Group’s healthy revenue profile, good asset quality, and experienced management team. DataPro also commended DLM’s solid risk management framework, robust controls, and its compliance with international standards. 

In November 2023, Agusto upgraded DLM Capital Group’s rating to “Bbb” from “Bbb-“, based on the company’s strong brand and expertise in structured credit, low leverage, and adequate profitability. Agusto also noted the company’s competent and experienced management team. The upgrade reflected the company’s improvement in credit and liquidity risk management. In addition, Agusto cited the company’s commitment to developing and implementing policies and procedures for risk identification, measurement, and management, as well as its robust internal control framework. 

DLM Capital Group is a development investment bank (DIB) that provides innovative solutions to economic and social development challenges in Nigeria. It operates through a number of subsidiaries, including DLM Advisory, DLM Asset Management, DLM Securities, CitiHomes Finance Company, DLM Nominees, DLM Trust Company, Sofri Bank (LINKS MFB), and DLM FX. The Group’s mission is to improve the lives of people by providing financial and development solutions that enable them to achieve their goals. 

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