“FALCON CORPORATION SOARS: SECURES ‘A’ RATING FROM AGUSTO & CO.”
GREATRIBUNETVNEWS–THE Falcon Corporation Limited has received a strong ‘A’ long-term and ‘A1’ short-term corporate credit rating from Agusto & Co., reflecting its robust financial position and strategic growth.
Key Issues:
– _”The assigned ratings reflect Falcon’s strong financial position, underpinned by sustained gas demand driven by industrialisation, growing domestic power generation needs, and energy transition pressures.”_ – Agusto & Co.
– Strong Operating Cash Flow : Supported by favourable terms of trade and long-term gas supply contracts with industrial and commercial customers.
– _”This rating affirms the resilience of our business model, the strength of our operations, and the clarity of our long-term strategy.”_ – Audrey Joe-Ezigbo, CEO of Falcon Corporation Limited
– Disciplined Financial Strategy : Prioritising robust balance sheet development and sustainable growth, according to CFO Nelson Walter.
– _”This recognition validates Falcon’s outstanding technical capabilities, uncompromising commitment to excellence, and deep expertise within our management and engineering teams.”_ – Engr. Chibueze Ekeocha, Chief Technical Officer
– Growing Presence : Operates a 25 MMSCF/D gas distribution network and has expanded into LPG subsector
About Falcon Corporation Limited
Established in 1994, Falcon Corporation Limited is a leading wholly indigenous energy company with operations across Nigeria’s midstream and downstream sectors.
The company is the licensed Local Distribution Company responsible for building and operating gas infrastructure to supply Natural Gas to industrial and commercial clients in Ikorodu, Lagos State. Falcon has also diversified into the Liquefied Petroleum Gas (LPG) subsector through trading, distribution, and major infrastructure investments, including an LPG Tank Farm and Jetty facility.
In addition, Falcon is part of Optimera Energy, a consortium executing a 20-year Gas Infrastructure Development Project with the Lagos Free Zone Company, to develop and operate a gas distribution network serving businesses within the Zone. Falcon is a world-class, values-driven, and customer-centric energy company, committed to delivering innovative and reliable solutions through operational excellence, strong partnerships, and responsible environmental and community stewardship, thereby creating sustainable long-term value for all stakeholders.
For more information, visit www.falcon-corporation.com
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