Axxela Limited, a leading energy solutions providers in Sub-Saharan Africa, has retained its “A-” corporate credit rating by Agusto & Co., for the second year running.
Following a successful corporate rating report, the rating
agency has affirmed the A-” rating assigned to Axxela and its Series 1 Bond.
Commenting on the development, the chief financial officer,
Axxela, Timothy Ononiwu said: “the affirmation of our rating reflects our
resilience and prudent management of our business operations despite headwinds
in the macroeconomic environment. It also underscores increasing confidence of
local and international investors in our growth potentials.”
Retaining the credit rating underpins Axxela’s strong
operating performance, continuous demonstration of good financial standing and
ongoing investments in innovative business solutions.
With over 300km in natural gas pipeline infrastructure
built, Axxela provides unique energy solutions primarily through its
subsidiaries: Gaslink Nigeria Limited, Gas Network Services Limited, Central
Horizon Gas Company Limited, and Transit Gas Nigeria Limited.
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