Nigeria’s foremost credit rating agency, Agusto & Co. has given the Benue Investment and Property Company, BIPC a Bbb long-term rating and A2 short-term rating, citing enhanced revenue generation and diversification of core business activities.
In his reaction, the Group Managing Director of BIPC, Dr. Raymond Asemakaha, expressed delight with the ratings, attributing them to strategic initiatives and financial management.
Dr. Asemakaha believes the ratings validate their governance reforms and commitment to economic growth in Benue State.
He said BIPC has focused on diversification and transparency to attract private capital and create jobs for the people of Benue.
The company, he noted plans to maintain financial stability and improve service delivery to strengthen investor confidence.
The MD posited that the positive ratings were a reflection of growing investor trust in BIPC's leadership and vision for the future.
