Atiat Limited Secures BBB+ Long-Term Rating

Atiat Limited has secured a BBB+ long-term rating and A1 short-term rating with a Stable Outlook in the 2025 Corporate Rating Report released by Datapro, one of Nigeria’s leading independent rating agencies.

Datapro said the rating reflects Atiat’s good credit quality, resilient financial footing and its strong capacity to meet both long-term and short-term obligations.

The agency cited the company’s improving earnings profile, strong liquidity, effective risk management and experienced leadership as key drivers of the rating.

The assessment, Datapro noted, covered capitalization, corporate governance, operational sustainability, asset quality and the company’s ability to withstand economic and industrywide pressures.

The Stable Outlook signals the agency’s expectation that Atiat will sustain its current credit strength in the medium term.

Atiat posted strong performance in its 2024 financial year, with Total Assets rising by 62 per cent, fuelled by growth in financial assets and increased lending activities across key sectors. Net Loans and Advances surged by 177 per cent, underscoring strategic capital deployment within its lending and leasing portfolio.

The firm reported a Non-Performing Loan (NPL) ratio of 4.3 per cent, below regulatory thresholds, a performance that highlights its sound credit discipline. Profit Before Tax grew by 23 per cent, reflecting operational resilience amid shifting market conditions.

Managing Director/CEO of Atiat Limited, Mr. Kanayo Eni-Ikeh, said the rating validates the company’s strategic direction and commitment to responsible finance.

“Datapro’s BBB+ rating is a clear validation of our operational discipline and unwavering commitment to responsible finance. In an increasingly demanding operating landscape, this strengthens our credibility and reinforces the confidence of our clients, partners and investors,” he said.

He added that the company remains focused on delivering secure and innovative financial solutions as it expands nationwide through its subsidiaries.

With offices in Lagos and Abuja, Atiat operates an integrated financial ecosystem that includes OurCar Ltd, Atiat Insurance Brokers Ltd, Atiat Energies Ltd and Qantra Ltd. Its services span lending, leasing, fleet management, car rentals and maintenance, mobility solutions, insurance brokerage, renewable energy and technology.

Established in 2007, the company continues to strengthen its governance structures and consolidate its position in Nigeria’s financial services sector while pursuing sustainable growth.