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DataPro assigns BBB investment grade rating to Veritasi Homes

DataPro, a licensed SEC agency,  has assigned a long-term investment rating of BBB to Veritasi Homes and Properties Limited – a leading real estate and property development company in Nigeria.

The triple BBB rating assigned to the company is supported by its experienced management team, good profitability and strong liguidity.

The outlook assigned to the company is stable and the ratings have a 12-month validity period and are focused on the company’s creditworthiness and ability to meet its financial commitment promptly.

The credit ratings, which was issued on the 13th of January, 2022 attribute an acceptable credit quality and financial strength status to Veritasi Homes’.

According to Data Pro’s standards, the BBB rating indicates that the company’s “capacity for timely payment of financial commitments is adequate.”

The ratings indicates adequate financial strength, operating performance and business profile, highlighting its creditworthiness and ability to meet its financial commitment promptly. Overall, the ratings affirm the company’s ability to meet its current obligations.

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Veritasi Homes and Properties which has been in operations since 2017, is a premium real estate company specializing in providing advisory and developmental real estate services in Nigeria.

The company’s vision is to be a world-class real estate development company driven by value, innovation and optimum service to deliver functional homes.

 

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