LECON Finance Company Limited, a subsidiary of the Bank of Industry, has been assigned 'B' long-term and 'B' short-term issuer credit ratings by S&P Global Ratings, with a Stable Outlook. In its September 15, 2026 rating action, S&P Global Ratings identified LECON Finance as a core subsidiary of BOI, noting that its ratings are aligned with those of its parent and are expected to move in tandem with BOI's ratings. The ratings underscore the leasing company's strategic importance within the BOI Group and expectations of continued parental support. Managing Director and Chief Executive Officer of LECON Finance, Mrs. Ebehiriere Ehi-Omoike, said the recognition reinforces the strength of the company's business direction and confidence in its growth prospects.
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