GCR Rating Alerts - View All |
Rating Action Johannesburg, 10 July 2020 – GCR Ratings (“GCR”) has downgraded First Rand Bank Limited’s unsolicited international scale long term issuer rating to BB, from BB+, due to changes in the country and sector risk scores, with a Stable Outlook. At the same time, GCR has affirmed the unsolicited South African national scale long term and short term issuer ratings of AA+(ZA)/A1+(ZA). The ...
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Rating Action Johannesburg, 10 July 2020 – GCR Ratings (“GCR”) has affirmed the South African long and short-term unsolicited issuer ratings of ABSA Bank Limited at AA(ZA)/A1+(ZA). At the same time, the international scale long-term unsolicited issuer rating has been affirmed at BB. The outlooks are Negative. | Rated Entity | Rating class | Rating scale | Rating ...
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Rating Action Johannesburg, 09 July 2020 – GCR Ratings (“GCR”) has affirmed Letshego Ghana Savings and Loans PLC’s, (formerly known as AFB (Ghana) Plc) national scale long term issuer and short-term issuer ratings of BB+(GH) and B(GH) respectively, with a Negative Outlook. Concurrently, the national scale long term issue ratings of the senior unsecured notes under the Medium Term Notes (“MTN”) programme were downgraded ...
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Rating Action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has placed African Banking Corporation (Moçambique) S.A. (“BancABC Moçambique”)’s national scale long-term and short-term issuer ratings of BB+(MZ) and B(MZ) respectively on ‘Review Extension’. The ratings process is ongoing and GCR expects to publicly release the updated rating results by 7 August 2020. The ratings affirmed in the last review are still in effect ...
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Rating Action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has withdrawn the national scale long term and short term issuer ratings assigned to FBC Bank Limited and FBC Building Society, without affirmation, as no additional analysis was performed. The ratings are withdrawn for commercial reasons. Accordingly, GCR will no longer provide ratings or analytical coverage for FBC Bank Limited or FBC Building Society. The ...
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Rating action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Tanzania Limited’s (“Jubilee Tanzania”) national scale financial strength rating of A(TZ); Outlook Stable. | Rated Entity / Issue | Rating class | Rating scale | Rating | Outlook/Watch | | The Jubilee Insurance Company of Tanzania Limited | Financial strength | National | A(TZ) | Stable Outlook | Rating rationale The rating ...
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Rating Action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has downgraded the long-term international scale issuer rating assigned to South African National Roads Agency SOC Limited (“SANRAL”) to B+, from BB- previously, outlook Stable. At the same time, GCR has affirmed SANRAL’s national scale issuer ratings at A(ZA) and A1(ZA) for the long and short term respectively, the outlook remains on Negative.
Rating action Johannesburg, 07 July 2020 – GCR Ratings (“GCR”) has affirmed Goldstar Insurance Company Limited’s (“Goldstar”) national scale financial strength rating of A+(UG); Outlook Stable. | Rated Entity / Issue | Rating class | Rating scale | Rating | Outlook/Watch | | Goldstar Insurance Company Limited | Financial strength | National | A+(UG) | Stable Outlook | Rating rationale The rating affirmation reflects the insurer’s very strong financial ...
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Rating action Johannesburg, 07 July 2020 – GCR Ratings (“GCR”) has affirmed Kenya Reinsurance Corporation Limited’s
(“Kenya Re”) national scale financial strength rating of AA+(KE), with a Stable Outlook. Furthermore, Kenya Re’s international scale financial strength rating has been downgraded to B, from B+ on country risks revisions, with a Stable Outlook. | Rated Entity / Issue | Rating class | Rating scale | Rating | Outlook/Watch | ...
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Johannesburg, 04 June 2020: GCR Ratings (“GCR”) has maintained the Insurance Sector Risk Scores for Botswana, Ghana, Malawi, Mozambique, Namibia, Rwanda and Uganda, while simultaneously lowering the insurance sector scores ... Read More
Sommaire 09 Avril 2020* - GCR Ratings (“GCR”) a publié une analyse sectorielle portant sur le niveau élevé des créances de primes en Zone CIMA qui pèsent sur les notations financières ... Read More
Johannesburg, 29 May 2020 - GCR Ratings (“GCR”) has affirmed the Ghanaian Financial Institutions’ sector risk score of ‘2.5’. The Financial Institutions Sector Risk Scores are available for download at https://gcrratings.com/risk-scores/ ... Read More
Country Risk Score Action GCR has lowered the public country risk scores on 16 countries to reflect the unprecedented ongoing direct and indirect impact of the COVID-19 pandemic. GCR concurrently ... Read More
Johannesburg, 08 May 2020: GCR Ratings (“GCR”) has published the Insurance Sector Risk Score for the Kingdom of Cambodia (“Cambodia”). The Insurance Sector Risk Scores are available for download at ... Read More
Summary 07 May 2020 - GCR Ratings (“GCR”) has assigned a ‘4.5’ Country Risk Score for the Kingdom of Cambodia (“Cambodia”), mapping table 4.5 to 5.0. GCR concurrently updated the ... Read More |
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