Nigerian Company, Atiat Limited Achieves BBB+ Long-Term Rating

Atiat Limited, one of Nigeria’s emerging integrated financial services ecosystems, has been assigned a BBB+ long-term rating and A1 short-term rating, accompanied by a Stable Outlook, in the recently released 2025 Corporate Rating Report by Datapro, a leading independent rating agency.

The rating reflects Atiat’s good credit quality and reinforces its reputation as a financially resilient organization capable of meeting its long-term and short-term obligations.

According to Datapro’s assessment, the BBB+ rating acknowledges Atiat’s improving earnings profile, effective risk management framework, strong liquidity, and experienced leadership. The agency’s analysis considered several quantitative and qualitative parameters including capitalization, corporate governance, operational sustainability, asset quality, and the company’s capacity to manage economic and industrywide pressure points. The Stable Outlook further indicates Datapro’s expectation that Atiat will maintain its current credit strength in the medium term.

Atiat’s financial performance in the 2024 fiscal year demonstrated notable operational momentum. Total Assets grew by 62%, driven by the expansion of financial assets and increased lending activity across key sectors of the economy. The company recorded a significant 177% increase in Net Loans and Advances, reflecting strategic capital deployment into its lending and leasing portfolios. With a Non-Performing Loan (NPL) ratio of 4.3%, well below the regulatory benchmark, Atiat showcased sound credit discipline and an ability to manage risks despite industry volatility.
Profitability also improved during the year – gross earnings rose with Profit Before Tax expanding by 23%, demonstrating operational strength even amid shifting market dynamics. Such performance underscores the resilience of the company’s business model and its ability to navigate Nigeria’s evolving financial ecosystem.

Speaking on the rating, Mr. Kanayo Eni-Ikeh, Managing Director/CEO of Atiat Limited, emphasized its significance:
“Datapro’s BBB+ rating is a clear validation of our strategic direction, operational discipline, and unwavering commitment to responsible finance. In an operating landscape that is increasingly demanding, this rating strengthens our credibility and reinforces the confidence that our clients, institutional partners, and investors place in us.”

He continued:
“Our goal remains clear – to deliver value-driven, secure, and innovative financial solutions to individuals and businesses nationwide. As we broaden our presence across Nigeria and deepen our service capabilities through our subsidiaries, we are better positioned to support economic growth through efficient financing and asset-based solutions.”

As an integrated financial services ecosystem, Atiat continues to expand its footprint and service offerings across Nigeria, with offices in Lagos and Abuja, as well as subsidiaries such as OurCar Ltd, Atiat Insurance Brokers Ltd, Atiat Energies Ltd, and Qantra Ltd; the Atiat Ecosystem delivers a broad portfolio of specialized solutions. These span finance, mobility services (including car sales, maintenance, rentals, fleet management, and operating leases), renewable energy, technology, and other emerging markets. The company serves an expanding base of individual and corporate clients across the banking, telecommunications, oil and gas, power and fast-moving consumer goods (FMCG) sectors.

Backed by a seasoned leadership team and a robust governance structure, Atiat continues to solidify its standing within the financial services industry and beyond, while reinforcing its long-term commitment to transparency, operational integrity, and sustainable growth.

Atiat Limited is an integrated financial services ecosystem, established in 2007, offering lending, insurance brokerage services, leasing, fleet management, car rentals, car sales and maintenance services, amongst other offerings; to individuals and corporates across diverse sectors.

With a growing presence in Lagos and Abuja, Atiat is committed to delivering responsible, resilient, and innovative financial solutions that support national economic development and long-term client success.