Coronation Asset management secures rating upgrade

Coronation Asset Management Limited rating has been upgraded to A from A-, citing significant improvements in risk management practices.

The rating done by Agusto & Co dated to expire on 31 December 2026, reflects the firm’s enhanced operational infrastructure and strategic positioning as a top-tier institutional-grade asset manager.

In a statement, the firm said 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% between December 2024 and November 2025,” the statement reads.

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.

The statement added that central to the rating upgrade was the firm’s deployment of cutting-edge technology and enhanced risk management infrastructure.

It stressed the firm has implemented an enterprise-wide Governance, Risk and Compliance (GRC) tool, alongside independent pre and post-trade risk monitoring capabilities that enable real-time concentration and limit breach detection.

“The firm has also strengthened its corporate governance framework through comprehensive board restructuring that resulted in five independent non-executive directors now chairing all board sub-committees,” the statement reads.

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