When a company gets a credit rating, it’s like receiving a report card on how well it’s managing its finances and responsibilities. But when that company is a real estate developer you’ve bought from, plan to invest in, or simply admire, the news becomes even more important.
In June 2025, Veritasi Homes & Properties PLC was affirmed by Global Credit Rating (GCR) Co. with a BBB- rating for long-term obligations, an A3 for short-term performance, and a Stable Outlook. That’s a big deal in the world of business. But let’s break it down in everyday terms.
GCR is one of Africa’s most trusted credit rating agencies. They assess companies and basically ask, “Can we trust this business to meet its financial obligations?”, “Can we trust them to pay what they owe?”, “Can we trust them to handle pressure without folding?”
Think of it like your personal credit score, but on a corporate level. If you were loaning someone money, you’d want to know they can pay it back. The same logic applies here.
Now, a good credit rating builds trust with investors, unlocks better access to funding and shows that a business is stable, credible, and not over-leveraged.
So, what does BBB- / A3 with Stable Outlook actually mean?
In plain terms, this means: Veritasi is a real estate developer you can count on to deliver and manage its growth responsibly.
If you’re looking for where to start, you can explore Veritasi Homes investment opportunities with flexible plans and verified developments.
If you’re an investor, this rating gives you more than just peace of mind. It signals:
But even if you’re not an investor, this still matters. If you’ve ever thought:
A GCR rating helps answer those questions.
Over the past seven years, Veritasi has delivered more than 3,000 housing units and built a reputation for smart, modern real estate development. In 2024 alone, they delivered 318 new homes, cut their debt by almost half, and still maintained a strong balance sheet even in the face of staggering economic pressure in 2024.
If you’re curious about how Veritasi’s homes have performed historically, explore our completed projects here.
With a project pipeline that includes over 230 units and a major footprint in Eko Atlantic, Veritasi is not slowing down. This rating reflects a company that doesn’t just grow fast. It grows well.
Here’s what Babatunde Saka, Veritasi’s Chief Financial Officer, had to say:
“Financial integrity is not a one-time event. It’s something we work on every day, through planning, control, and discipline. This rating tells us we’re on the right track.”
The company is preparing to issue a ₦10 billion secured bond to fund its next wave of developments, including residential housing projects across Nigeria. With this rating in hand, Veritasi is poised to scale responsibly and attract even more investor confidence both locally and internationally.
And for clients, that means even more reliable delivery and innovation.
GCR didn’t just give Veritasi a badge. They confirmed something we’ve been working toward all along, the ability to grow with structure, deliver with confidence, and lead with integrity.
If you’re buying your first home or funding your next investment, that’s the kind of partner you want on your side.
Get in touch with our team for inquiries, personalized consultations, or to explore our prestigious developments.
