Agusto & Co withdraws Geregu Power’s rating after N40.09 billion bond default

Agusto & Co has withdrawn the “A-” credit rating assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond, after the company defaulted on its scheduled eighth coupon payment and fourth principal repayment, raising fresh concerns about its near-term debt-servicing capacity.

Read More: https://nairametrics.com/2026/08/14/agusto-co-withdraws-geregu-powers-rating-after-n40-09-billion-bond-default/