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Geregu Power Bond Crisis Deepens as Agusto Withdraws ₦40.09bn Rating LAGOS, August 14, 2026 (Naija247news) — Geregu Power Plc’s debt crisis has deepened after Agusto & Co withdrew the A- credit rating assigned to the power producer and its ₦40.09 billion Series 1 Senior Unsecured Bond, following…

naija247news.comGeregu Power Bond Crisis Deepens as Agusto Withdraws ₦40.09bn RatingLAGOS, August 14, 2026 (Naija247news) — Geregu Power Plc’s debt crisis has deepened after Agusto & Co withdrew the A- credit rating assigned to the power producer and its ₦40.09 billion Series 1 Senior Unsecured Bond, following the company’s failure to make scheduled debt payments. The rating agency’s decision follows Geregu’s default on the bond’s eighth coupon payment and fourth principal repayment, alongside concerns over the reliability of financial information available for assessing the company’s creditworthiness.