GCR Rating Alerts - View All

GCR affirms the A_(ZA)/A1_(ZA) national scale Issuer ratings on Quince Capital (Proprietary) Limited. Stable outlook.

Rating Action

Johannesburg, 11 November 2019 – GCR Ratings (“GCR”) has affirmed Quince Capital (Proprietary) Limited’s (“Quince”, “the company”) long and short term national scale Issuer ratings at A_(ZA)/A1_(ZA). At the same time, GCR has affirmed the international scale BB- rating. The outlooks are stable.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook / Watch
Quince ... Read More

19 hours ago

GCR affirms the BBB-_(BW)/A3_(BW) ratings of African Banking Corporation Botswana; maintains Rating Watch Evolving.

Rating Action

Johannesburg, 8^th November 2019 – GCR Ratings (“GCR”) has affirmed the BBB-_(BW)/A3_(BW) ratings of African Banking Corporation Botswana (“BancABC Botswana”, “the bank”). The outlook remains Rating Watch Evolving.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook / Watch
African Banking Corporation Botswana	Issuer Long Term	National	BBB-_(BW)	Rating Watch Evolving
African Banking Corporation Botswana	Issuer Short Term	National

4 days ago

GCR affirms ABC Holdings’ national scale rating of B_(BW); maintains Rating Watch Evolving.

Rating Action

Johannesburg, 8^th November 2019 – GCR Ratings (‘GCR’) has affirmed ABC Holdings Limited’s (“ABCH”, “the group”) long and short-term Botswanan national scale ratings of B_(BW)/B_(BW). The Rating Watch Evolving on both ratings has been maintained.

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

4 days ago

GCR revises Fidelity Shield Insurance Company Limited’s national scale financial strength rating to BBB-_(KE), on criteria change; Stable Outlook

Rating Action

Johannesburg, 6 November 2019 – GCR Ratings (“GCR”) has revised Fidelity Shield Insurance Company Limited’s (“Fidelity Shield”) national scale financial strength (formerly claims paying ability) rating to BBB-_(KE) from BBB_(KE), with the Outlook accorded as Stable.

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

6 days ago

GCR revises Mainstream Reinsurance Company Limited’s national scale financial strength rating to A+_(GH) on criteria change; Outlook Stable

Rating Action

Johannesburg, 6th November 2019 – GCR Ratings (“GCR”) has revised Mainstream Reinsurance Company Limited’s (“Mainstream Re”) national scale financial strength (formerly claims ability) rating to A+_(GH), with the outlook accorded as Stable. Furthermore, Mainstream Re’s international scale financial strength (formerly claims paying ability) rating has been affirmed at B-, with a Stable Outlook.

Rated Entity / Issue

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Rating ...
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6 days ago

GCR revises East Africa Reinsurance’s financial strength ratings to AA-_(KE)and B on Criteria Change, Outlook Stable

Rating Action

Johannesburg, 6 November 2019 – GCR Ratings (“GCR”) has revised East Africa Reinsurance Company Limited’s
(“EA Re”) national scale financial strength (formerly claims ability) rating to AA-_(KE), from A+_(KE), with a Stable Outlook. Furthermore, EA Re’s international scale financial strength (formally claims paying ability) rating has been revised to B from B+, with a Stable Outlook.

Rated Entity / Issue

6 days ago

GCR affirms Sizwe Medical Fund’s national scale financial strength rating of AA-_(ZA); Outlook Stable

Rating Action

Johannesburg, 6 November 2019 – GCR Ratings (“GCR”) has affirmed Sizwe Medical Fund’s (“Sizwe”) national scale financial strength (formerly claims paying ability) rating of AA-_(ZA), with a Stable Outlook.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
Sizwe Medical Fund	Financial strength	National	AA-_(ZA)	Stable Outlook

GCR announced that it had released new ...
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6 days ago

GCR affirms Chubb SA’s national scale financial strength rating of AA_(ZA); Outlook Stable

Rating Action

Johannesburg, 6th November 2019 – GCR Ratings (“GCR”) has affirmed Chubb Insurance South Africa Limited’s (“Chubb SA”) national scale financial strength (formerly claims paying ability) rating of AA_(ZA), Stable Outlook.

Rated Entity / Issue	Rating class	Rating scale	Rating	Outlook/Watch
Chubb SA	Financial strength	National	AA_(ZA)	Stable Outlook

GCR announced that it had released new ...
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6 days ago

GCR revises NICOZDiamond Insurance Limited’s national scale financial strength rating to A+_(ZW) on criteria change; Outlook Stable

Rating Action

Johannesburg, 5 November 2019 – GCR Ratings (“GCR”) has revised NICOZDiamond Insurance Limited’s (“NICOZDiamond”) national scale financial strength (formerly claims paying ability) rating to A+_(ZW), Stable Outlook, from A-_(ZW), Stable Outlook.

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

GCR announced that it had ...
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7 days ago

GCR Research - View All

GCR releases South African sector risk scores for Construction and engineering, Hospitality and Gaming

Summary 08 November 2019 - GCR Ratings (“GCR”) has released South African Corporate Sector Risk Scores for the Construction and engineering, Hospitality and Gaming industries. These South African Sector Risk ... Read More

GCR Publishes Insurance Sector Risk Score for Rwanda

The Insurance sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on ... Read More

GCR places a positive trend on the Kenyan Financial Institutions Sector Risk Score, upon removal of interest rate caps.

A positive change in the sector risk score could lead to ratings improvements for Kenyan exposed financial institutions and potentially other entities that are exposed to the Kenyan financial institutions ... Read More

GCR Requests Public Comment on Draft Appendix to Criteria for Rating FSCs: Asset Management Issuer Credit Ratings

GCR introduces the draft Appendix to Criteria for Rating Financial Services Companies: Asset Management Issuer Credit Ratings, representing a new approach to the analysis of credit ratings for Asset Managers ... Read More

GCR Requests Public Comment on Draft Criteria for Rating Investment Holding Companies

GCR introduces the draft Criteria for Rating Investment Holding Companies, representing a new approach to the analysis of investment holding companies. The draft criteria includes a summary of how it ... Read More

GCR publishes industry research on the South African private healthcare sector and updates the South African Sector Risk Score Report

GCR will periodically provide insights on key sectors/industries across different territories in which various rated entities are domiciled, encompassing changes in the operating environment, performance trends and its view of ... Read More

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MW Asset Rentals (RF) Limited

The credit ratings accorded to MW Asset Rentals (RF) Limited - Class A Notes relate to timely payment of interest and ultimate payment of principal by their Final Redemption Date. The ratings exclude an assessment of the ability of the ...
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Fox Street 7 (RF) Limited

Oct 29, 2019

Fox Street 7 is an RMBS securitisation of home loans originated by Investec Bank Limited (“Investec”) to its private banking clients that is planning to issue an initial R1.06bn of secured Notes in November 2019. Investec has previously executed six ...

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GCR Research - View All

MW Asset Rentals (RF) Limited

Fox Street 7 (RF) Limited

Global Equity Investments Ltd (Monitoring Dashboard)

Nitro Securitisation 6 (RF) Limited (Monitoring Dashboard)

Transaction Capital Limited