First Asset Management Limited has announced a ratings upgrade by leading Nigerian rating agencies, reflecting the firm’s continued growth, improved governance framework, and strong investment management capabilities.
DataPro Limited upgraded First Asset Management’s investment management rating to “AA” from “AA-”, while Agusto & Co affirmed the firm’s “A+(IM)” investment management rating.
In addition, Agusto & Co upgraded the rating of the First Asset Money Market Fund to “A+(f)”, from “Aa (f)”, signalling increased confidence in the fund’s credit quality and management strength.
The ratings reflect First Asset Management’s solid performance track record, the strength and support of its parent financial group, as well as the firm’s enhanced governance and investment oversight structures.
According to the company, it has strengthened its governance framework by establishing clearly defined investment and risk committees led by experienced professionals.
These committees play a critical role in guiding strategic investment decisions while ensuring disciplined risk management across its portfolios.
The firm also noted that its team of seasoned investment professionals continues to actively monitor market developments, manage portfolio risks, and identify opportunities that support long-term value creation for investors.
To further reinforce investor confidence, First Asset Management has enhanced its risk management and compliance framework, aligning its operational processes with global best practices in asset management.
Independent assessments by DataPro Limited and Agusto & Co highlighted the company’s commitment to responsible asset management, strong corporate governance, and operational systems designed to support stable and sustainable long-term investment performance.
First Asset Management said the improved ratings underscore its focus on delivering value to investors through disciplined investment strategies, transparency, and robust oversight.
The company offers a range of investment solutions tailored to different financial goals, from individuals beginning their investment journey to experienced investors seeking portfolio growth and long-term wealth creation.
With the ratings upgrade, First Asset Management reaffirmed its commitment to helping clients build wealth through professionally managed investment products designed to navigate market volatility while capturing growth opportunities.
