LAGOS, NIGERIA, March 31, 2026 — RusselSmith Group has achieved a significant milestone with its Long-Term Credit Rating upgraded to A- by DataPro Limited, a leading SEC-regulated credit rating agency in Nigeria.
This marks an improvement from the company’s previous BBB+ rating, with a positive outlook, underscoring sustained growth momentum and strengthening fundamentals.
According to DataPro’s rating methodology, a Long-Term Rating of A- indicates Low Risk, reflecting Very Good Financial Strength, Operating Performance, and Business Profile relative to the standards established by the agency.
The assessment affirms RusselSmith’s robust capacity to meet its financial obligations on an ongoing basis.
The upgrade follows a period of notable financial discipline and performance within Nigeria’s capital markets. In December 2025, RusselSmith completed the full repayment of its ₦3 billion Series 1 Commercial Paper, delivering total returns to investors within the agreed timeline. The issuance, which was oversubscribed at launch, demonstrated strong investor confidence in the company’s credit profile. The timely repayment further reinforced RusselSmith’s reputation as a credible and dependable issuer in the debt capital market.
Speaking on the new development, Kayode Adeleke, Chief Executive Officer of RusselSmith Group, said, “This upgrade to an A- long-term rating by DataPro is a direct reflection of the financial rigour, operational consistency, and strategic discipline that our team has maintained across our business. It validates the work we have done to build a company that our clients, partners, and stakeholders can rely on with confidence. We are not resting on this. The Positive outlook signals that the trajectory we are on is the right one, and we intend to sustain it.”
With a legacy spanning over two decades of excellence and innovation, RusselSmith’s upgraded rating reinforces its positioning as a resilient and forward-looking player, building resilient systems that deliver quality offerings across the energy, maritime, defence, and aerospace sectors.
Building on this momentum with a clear emphasis on sustainability, technology integration, and local capacity development, RusselSmith’s ISO-certified operations and strategic partnerships with leading global technology providers further strengthen its market footprint by deepening stakeholder confidence, while unlocking new growth opportunities.
