Coronation Asset Management Secures Rating Upgrade

Kayode Tokede 

Agusto & Co., has upgraded Coronation Asset Management Limited’s rating to A from A-, citing significant improvements in risk management practices. The rating, which expires on December 31, 2026, reflects the firm’s enhanced operational infrastructure and strategic positioning as a top-tier institutional-grade asset manager.

The upgrade follows a comprehensive assessment of research capabilities, investment management processes, risk oversight frameworks, corporate governance structure, technology deployment, and financial performance metrics, including growth in assets under management.

According to Agusto & Co.’s rating release published on their website, “The rating upgrade reflects improvement in risk management practices, with the introduction of liquidity and credit risk monitoring limits. The rating also reflects the Manager’s experienced decision-making committees and a well-defined investment process.”

The announcement comes as Coronation Asset Management records remarkable growth, with Assets Under Management expanding by 128 per cent between December 2024 and November 2025. The firm’s Collective Investment Scheme Assets Under Management surged from N19.67 billion to N73.77 billion, whilst its Money Market Fund grew from N9.26 billion to N62.1 billion during the same period.