Babban-Gona Farmer services bags BBB+ rating from DataPro

DataPro Credit Rating Agency has assigned Babban Gona Farmer Services Nigeria Limited a long-term rating of BBB+ with a stable outlook for the year 2021/2022.

The “BBB+” indicates slight risk. It shows fair financial strength, operating performance and business profile when compared to the standard established by DataPro. This company, in our opinion, has the ability to meet its ongoing obligations, but its financial strength is vulnerable to adverse changes in economic conditions.

The rating of Babban Gona Farmer Services Nigeria Limited is supported by its strong earning profile, good asset quality, very good liquidity and experienced management team.

DataPro notes that the rating carries a maximum shelf life of 12 calendar months, in line with international best practice. The rating is therefore not an offer to trade in securities nor a substitute for the user’s judgement. It is meant for reference purposes.