Agusto & Co. assigns a “Bbb-“ rating to Mainstreet Microfinance Bank Limited

The rating of Mainstreet Microfinance Bank (“Mainstreet” or “the MFB”) is underpinned by good capitalisation, good profitability, satisfactory asset quality, satisfactory liquidity profile and a stable management team. The rating is tempered by weak risk management practices around bank placements and manual loan approval and collection processes as well as a narrow funding base that restricts the ability of the MFB to effectively grow its loan book

Agusto & Co. assigns a “Bbb-“ rating to Mainstreet Microfinance Bank Limited