Rating Action Johannesburg, 18 March 2020 – GCR Ratings (“GCR”) has downgraded Constantia Insurance Company Limited’s (“Constantia”) South Africa national scale financial strength rating to BB(ZA) from A-(ZA) with the rating maintained on Negative Watch. Furthermore, GCR has downgraded Conduit Capital Limited’s (“Conduit”) national scale long term and short-term issuer credit ratings to B(ZA)/B(ZA) from...
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