Alert MFB wins double credit rating upgrade

Alert Microfinance Bank (Alert MFB), a member of Alert Group, has secured   improved credit ratings from Agusto & Co. and DataPro, reflecting stronger capital, liquidity, asset quality and overall financial performance.
Agusto & Co. upgraded the bank’s long-term rating to “BBB-” from “BB+”, assigned an “A3” short-term rating and maintained a stable outlook.
DataPro, in a separate assessment, upgraded Alert MFB’s long-term rating to “A-” from “BBB+”, with an “A1” short-term rating, a stable outlook and an upward rating trend.
Agusto & Co. said the upgrade was supported by the bank’s improved capital and liquidity positions, experienced management and a non-performing loan ratio tha...