GCR Rating Alerts - View All

GCR revises AIG Kenya’s national scale financial strength rating to AAA_(KE); Outlook Stable

Rating Action

Johannesburg, 18^th September 2019 – GCR Ratings (“GCR”) has revised AIG Kenya Insurance Company Limited’s (“AIG Kenya”) national scale financial strength (formerly claims paying ability) rating to AAA_(KE), Stable Outlook from AA+_(KE), Stable Outlook.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
AIG Kenya Insurance Company Limited	Financial strength	National	AAA_(KE)	Stable Outlook

4 days ago

GCR affirms Occidental Insurance Company Limited’s national scale financial strength rating of A-_(KE); Outlook Negative

Rating Action

Johannesburg, 18 September 2019 – GCR Ratings (“GCR”) has affirmed Occidental Insurance Company Limited’s (“OIC Kenya”) national scale financial strength (formally claims ability) rating of A-_(KE); Outlook Negative.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
Occidental Insurance Company Limited	Financial strength	National	A-_(KE)	Negative

GCR announced that it had released new criteria ...
Read More

4 days ago

GCR revises Mayfair Insurance Company Limited’s national scale financial strength rating to A+_(KE); Outlook Stable

Credit Rating AnnouncementRating Action

Johannesburg, 18^th September 2019 – GCR Ratings (“GCR”) has revised Mayfair Insurance Company Limited’s (“Mayfair”) national scale financial strength (formally claims ability) rating to A+_(KE), Stable Outlook, from A_(KE), Stable Outlook.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
Mayfair Insurance Company Limited	Financial strength	National	A+_(KE)	Stable

GCR announced that ...
Read More

4 days ago

GCR affirms FBC Insurance Company Limited’s national scale financial strength rating of A-_(ZW); Outlook Negative

Rating Action

Johannesburg, 13 September 2019 – GCR Ratings (“GCR”) has affirmed FBC Insurance Company Limited’s (“FBC Insurance”) national scale financial strength (formally claims ability) rating of A-_(ZW), with the Outlook revised to Negative.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
FBC Insurance Company Limited	Financial strength	National	A-_(ZW)	Negative

GCR announced that it ...
Read More

1 week ago

GCR affirms CBZ Insurance’s national scale financial strength rating of BBB+_(ZW); Outlook Stable

Rating Action

Johannesburg, 13^th September 2019 – GCR Ratings (“GCR”) has affirmed CBZ Insurance (Private) Limited’s (“CBZ Insurance”) national scale financial strength (formerly claims paying ability) rating of BBB+_(ZW), with the outlook accorded as Stable.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
CBZ Insurance (Private) Limited	Financial strength	National	BBB+_(ZW)	Stable

GCR announced that ...
Read More

1 week ago

GCR revises OMICO’s national scale financial strength rating to AAA_(ZW); Outlook Stable

Rating Action

Johannesburg, 13^th September 2019 – GCR Ratings (“GCR”) has revised Old Mutual Insurance Company (Private) Limited’s (“OMICO”) national scale financial strength (formerly claims paying ability) rating to AAA_(ZW), Stable Outlook, from A+_(ZW), Stable Outlook.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
Old Mutual Insurance (Private) Limited	Financial strength	National	AAA_(ZW)	Stable

GCR ...
Read More

1 week ago

GCR affirms the BBB_(ZW)/A3_(ZW) ratings of Steward Bank Limited

Rating Action

Johannesburg, 13 September 2019 – GCR Ratings (‘GCR’) has affirmed the long and short-term Zimbabwean national scale ratings of Steward Bank Limited (‘Steward Bank’) at BBB_(zw)/A3_(zw)respectively. At the same time, the ratings have been taken off Negative ratings watch and the outlook accorded as Stable.

Rated Entity / Issue

Rating class

Rating scale

Rating

Outlook / Watch

1 week ago

GCR upgrades Retail Capital Proprietary Limited’s Issuer Long Term rating to BB+_(ZA), Outlook Stable

Rating Action

Johannesburg, 13^th September 2019 – GCR Ratings (‘GCR’) has upgraded Retail Capital Proprietary Limited’s long-term South African national scale rating to BB+_(ZA), and affirmed the short-term rating of B_(ZA).The long-term international scale rating has been affirmed at B. The outlooks are Stable.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook / Watch
Retail Capital Proprietary ... Read More

1 week ago

GCR Assigns New Indicative Ratings and Affirms Ratings of Existing Notes Issued by TUHF Urban Finance (RF) Ltd

Rating Action

Johannesburg, 13 September 2019 – GCR Ratings (“GCR”) accorded the following indicative, public long-term credit ratings to the following Notes (the “New Notes”) to be issued by TUHF Urban Finance (RF) Ltd (the “Issuer”), under its R2bn Mortgage Loan-Backed Securitisation Scheme (the “Transaction”):

Security Class	Stock Code	Amount Outstanding	Rating class	Rating scale	Rating	Outlook / Watch
Class ... Read More

1 week ago

GCR Research - View All

GCR Publishes the South African Medical Schemes Sector Risk Score

GCR views industry solvency to be prudent, benefitting from adequate reserve accumulation, inherently low product risk, and comparatively contained levels of market risk exposure. Regulatory oversight contributes towards continuing reserve ... Read More

GCR Ratings Publishes an Explanatory Report on Securitisation Fundamentals

The report aims to provide basic knowledge on traditional securitisation by reviewing the structural features typically used in these structures, the parties generally involved and the various forms of credit ... Read More

Criteria for Rating Structured Finance Transactions amended; existing Structured Finance Rating Criteria published under GCR’s new publication format

GCR has amended its Criteria for Rating Structured Finance Transactions (“SF Criteria”), previously titled Global Master Structured Finance Rating Criteria ( “Global SF Criteria”), following the publication of its updated ... Read More

GCR publishes industry research on the South African private education sector

The update addresses the underlying drivers of demand and inherent strengths of private sector providers of primary and tertiary education. It also and encompasses GCR’s view of the impact of ... Read More

GCR Ratings, Africa’s largest credit rating agency, appoints new Head of East Africa

GCR Ratings (“GCR”) is pleased to announce the appointment of Sylvia Chahonyo to drive its growth and expansion strategy across East Africa. Sylvia is a recognized senior executive with proven ... Read More

GCR publishes updated Jurisdictional Supplement for Criteria

GCR Ratings (“GCR”) is occasionally required to qualify credit ratings issued within specific markets or jurisdictions in order to reflect any divergent or market related nuances which have the potential ... Read More

GCR Rating Alerts - View All

Rating Action

Rating Action

Credit Rating AnnouncementRating Action

Rating Action

Rating Action

Rating Action

Rating Action

Rating Action

Rating Action

GCR Research - View All

King Cetshwayo District Municipality

AECI Limited

South African Securitisation Programme (RF) Limited – Series 3

South African Securitisation Programme (RF) Limited Series 2

South African Securitisation Programme (RF) Limited Series 1