Improved operational performance and stronger governance structures have earned First Asset Management Limited an upgrade in its investment management ratings from leading Nigerian rating agencies.
In its latest review, DataPro Limited raised the firm’s investment management rating to ‘AA’ from ‘AA-’, reflecting enhanced operational strength and improved institutional capacity. Meanwhile, Agusto & Co affirmed the company’s A+(IM) rating, maintaining confidence in the asset manager’s investment management capability.
Further strengthening the firm’s performance outlook, Agusto & Co also upgraded the rating of the First Asset Money Market Fund to A+(f) from Aa(f), signalling improved stability and performance of the investment product.
According to First Asset Management, the positive rating actions highlight the company’s continued efforts to strengthen its investment management processes, governance framework and risk management systems.
The firm noted that the ratings reflect its solid track record in managing investment portfolios, the institutional backing of its parent financial group, and the operational structures put in place to ensure disciplined investment management.
As part of its operational improvements, the company said it has reinforced governance and decision-making processes by establishing well-defined investment and risk committees staffed by experienced professionals. The investment team, it added, actively monitors market developments, manages risks and strategically positions portfolios to navigate market volatility while identifying growth opportunities for investors.
First Asset Management also pointed to enhancements in its risk management and compliance architecture, noting that its systems are aligned with global best practices to ensure transparency, accountability and prudent oversight of client assets.
Both Agusto & Co and DataPro Limited acknowledged these improvements in their independent assessments, citing the firm’s commitment to responsible asset management, sound governance practices and operational frameworks capable of supporting stable long-term performance.
The company said the ratings upgrade reinforces its broader mission of helping investors grow and preserve wealth through a range of investment products designed to meet varying financial objectives, from entry-level investors to individuals focused on long-term wealth creation.
First Asset Management also encouraged investors to explore its offerings as part of a disciplined approach to building sustainable financial security.