GCR places Credit Guarantee Insurance Corporation of Africa Limited’s national scale rating ‘Und
Johannesburg, 29 June 2018 — Global Credit Ratings has today placed Credit Guarantee Insurance Corporation of Africa Limited’s national scale claims paying ability rating of AA+(ZA) ‘Under Review’. While the rating is due for review by 30 June 2018, GCR is far advanced with the current rating review and expects to publicly release the updated rating result by the end of July 2018.
NATIONAL SCALE RATINGS HISTORY
Initial rating (November 2000)
Claims paying ability: A+(ZA)
Last rating (June 2017)
Claims paying ability: AA+(ZA)
Senior Credit Analyst
Sector Head: Insurance Ratings
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