Coronation Asset Management Limited has had its rating raised from A- to A, a decision attributed to substantial enhancements in their risk management practices.
The rating, carried out by Agusto & Co., is valid until 31 December 2026 and mirrors the company’s improved operational framework and its strategic role as a premier institutional-grade asset manager.
In an official announcement, the organization explained that the rating upgrade stemmed from a thorough evaluation of their research capabilities, investment management methodologies, risk governance frameworks, corporate governance architecture, technological advancements, and financial performance indicators, including a rise in assets under management.
As stated by Agusto & Co. in their rating release available on their website, "The upgrade in rating reflects advances in risk management practices, introduced liquidity, and credit risk monitoring limits. Additionally, it highlights the manager’s well-experienced decision-making committees and a clearly defined investment procedure."
The firm has reported significant growth, noting that its Assets Under Management increased by 128% from December 2024 to November 2025. The firm’s Collective Investment Scheme Assets Under Management surged from N19.67 billion to N73.77 billion, while its Money Market Fund rose from N9.26 billion to N62.1 billion within the same timeframe.
The report emphasized that critical to the rating upgrade was the implementation of advanced technology and enhanced risk management systems.
Notably, the firm has adopted a comprehensive Governance, Risk and Compliance (GRC) tool across all areas, alongside independent pre and post-trade risk monitoring capabilities that facilitate real-time detection of concentration and breach limits.
Moreover, the announcement detailed how the company has reinforced its corporate governance framework through extensive board restructuring, resulting in five independent non-executive directors now leading all board sub-committees.
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