Agusto & Co. upgrades RMB Nigeria Money Market Fund to ‘A+’

RMB Nigeria Asset Management Limited has secured a two-notch credit rating upgrade to ‘A+’ from Agusto & Co. for its flagship money market fund. The upgrade by Nigeria’s leading rating agency highlights the investment vehicle’s robust performance parameters in an evolving macroeconomic landscape.

According to the rating agency, the investment grade reflects the fund’s high-quality asset base, strong liquidity profile, and disciplined risk management framework. The upward revision reinforces the fund’s position as a secure and reliable investment option within the local financial ecosystem.

Drivers of the investment upgrade
Kike Mesubi, RMB Nigeria Asset Management Chief Executive Officer, noted that the ratings adjustment validates the discipline underpinning the firm’s investment strategy.

“This upgrade strongly endorses the quality and consistency that guide our fund management portfolio,” Mesubi said. “Our objective remains focused on capital preservation, competitive yield delivery, and a highly prudent approach to risk management.”

Despite tighter market conditions and moderating yields across the broader fixed-income ecosystem, the fund has maintained its position among the top performers in its asset class category.

Capitalising on market opportunities
Mesubi added that balancing risk and reward over the long term remains central to the fund’s mandate. The rating improvement provides a solid foundation to deepen investor confidence and expand the company’s wealth management market share.

“We view this progress as part of a broader trajectory,” Mesubi said. “We will continue to leverage our global network, corporate governance architecture, and local market insight to support our clients and expand the fund responsibly.”

As a wholly owned subsidiary of South Africa-headquartered FirstRand Limited, RMB Nigeria Asset Management integrates international best practices with deep domestic insights to manage and preserve client wealth.