DataPro, a credit rating agency, has assigned a long-term investment rating of BBB to Veritasi Homes and Properties Limited, a real estate and property development company in Nigeria.

A statement said, “The triple B rating assigned to the company is supported by its experienced management team, good profitability, and strong liquidity.

“The rating, issued on 13th January 2022, attributes an acceptable credit quality and financial strength status to Veritasi Homes.”

According to DataPro’s standards, the triple B rating (BBB) indicates that the company’s capacity for timely payment of financial commitments is adequate.

“The rating indicates adequate financial strength, operating performance, and business profile, highlighting its creditworthiness and ability to meet its financial commitment promptly,” the statement said.

It added that overall, the ratings affirmed its ability to meet its current obligations.

Veritasi Homes and Properties, which has been in operation since 2017, specialises in providing advisory and developmental real estate services in Nigeria.

“The company’s vision is to be a world-class real estate development company driven by value innovation and optimum service to deliver functional homes,” it said.

Kindly share this story