GCR Ratings Places CardinalStone Partners Limited's Credit Ratings on Review Extension


Friday, June 04, 2021 / 10:23 AM / by GCR Ratings / Header Image Credit:  CardinalStone


GCR Ratings ("GCR") has placed CardinalStone Partners Limited's national scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively on 'Review Extension'. The ratings process is ongoing and GCR expects to publicly release the updated rating results by 30 June 2021.

The ratings assigned in the last review are still in effect and remain unchanged until the review process is completed.

Ratings History

CardinalStone Partners Limited

Rating class


Rating scale




Long Term Issuer




Stable Outlook

June 2020

Short Term Issuer





Salient Points of Accorded Rating

GCR affirms that a.) no part of the ratings process was influenced by any other business activities of the credit rating agency; b.) the ratings were based solely on the merits of the rated entity, security or financial instrument being rated; and c.) such ratings were an independent evaluation of the risks and merits of the rated entity, security or financial instrument.

The credit ratings have been disclosed to the rated entity. The ratings above were solicited by, or on behalf of, the rated entity, and therefore, GCR has been compensated for the provision of the ratings.

The rated entity participated in the rating process via teleconferences and other written correspondence.

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Related News on CardinalStone

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  5. FMDQ Admits Mixta Real Estate Plc and CardinalStone Partners Limited Commercial Papers
  6. CardinalStone's Debut Commercial Paper Issuance Records 148% Subscription
  7. CardinalStone Partners Limited Offering 7.0% Yield On Its 270-Day Commercial Paper

Proshare Nigeria Pvt. Ltd.

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