# Odu’a Investment Company credit rating assignment > Live situation record from CLSTR: https://clstr.news/situations/odua-investment-company-credit-rating-assignment > Updated: 2026-08-16T23:01:15.000Z. Sources: 4. Developments: 2. Odu’a Investment Company Limited (OICL) has been assigned an inaugural national scale long-term issuer rating of AA-(NG) and a short-term issuer rating of A1+(NG) by GCR Ratings. The rating carries a stable outlook. Group Chairman Dr. Tola Kasali stated the rating affirms the resilience of the Group’s investment model, which utilizes strategic holdings in listed equities and contributions from operating subsidiaries. Kasali noted the rating reflects high governance standards that remain independent of undue shareholder influence despite the company’s state government ownership structure. Group Managing Director Abdulrahman Yinusa highlighted the company’s strong liquidity, noting a coverage of approximately 2x over the next 24 months. This is supported by a liquid listed portfolio valued at over N80 billion and N4.8 billion in unencumbered cash. Yinusa added that the balance sheet remains largely ungeared, with the N3 billion bond at subsidiary Wemabod Limited remaining well within servicing capacity. ## Timeline ### 2026-08-16: Odu’a Investment receives AA-(NG) credit rating from GCR Ratings Odu’a Investment Company Limited has received an inaugural AA-(NG) long-term credit rating from GCR Ratings, citing strong liquidity, a robust investment portfolio, and conservative financial management. 4 sources. https://clstr.news/cluster/odua-investment-receives-aa-ng-credit-rating-from-gcr-ratings ### 2026-08-05: Odu’a Investment Company and Bajel Projects Receive Credit Rating Upgrades GCR gave Odu’a Investment Company a AA‑(NG) long‑term rating and A1+ short‑term rating, while CRISIL upgraded Bajel Projects to A+ (Stable) long‑term, citing stronger order books and profitability. 2 sources. https://clstr.news/cluster/odua-investment-company-and-bajel-projects-receive-credit-rating-upgrades --- Cite as: Odu’a Investment Company credit rating assignment. CLSTR, https://clstr.news/situations/odua-investment-company-credit-rating-assignment