Global Credit Ratings

Global Credit Ratings Co. (GCR) – GCR accords a ‘AAA(NG)(sf)’ indicative rating to Viathan Funding Plc’s Series 1 Guaranteed Bonds

Lagos – Global Credit Ratings has accorded an indicative public long term rating of ‘AAA(NG)(sf)’ to the Series 1 Senior Guaranteed Fixed Rate Bonds (“Bonds” or “Series 1 Bonds”) to be issued by Viathan Funding Plc (“VFP” or “the Issuer”), under the Issuer’s N50bn Medium Term Note Programme (“MTNP” or the “Programme”); with the Outlook accorded as Stable. The Series 1 Bonds amount is anticipated to be N10bn, with final maturity of November 2027.