Johannesburg, 31 May 2021 – GCR Ratings (“GCR”) has issued a press release announcing the appointment of Senior Credit Rating Analyst based in Mauritius.
This press release is available for download by clicking here
GCR Ratings (“GCR”) is pleased to announce the appointment of Mr. Vinal Ramdenee as a Senior Credit Rating Analyst. Vinal will be based full-time in our Mauritius office as GCR continues to grow its presence in the country following its accreditation as an External Credit Assessment Institution (ECAI) by the Bank of Mauritius. Vinal will be responsible for leading credit rating coverage and research of GCR’s growing Mauritian ratings portfolio.
Vinal has over 13 years’ experience in the actuarial science and project management fields. He began his career as an Actuarial Associate for Mercer in Montreal, Canada, before returning to Mauritius and building on his actuarial experience with management roles at Aon Hewitt, MUA and Rogers Capital. Vinal is an Associate of the Society of Actuaries, he has an M.Sc. in Statistics and Stochastic Financial Modelling as well as a B.Sc. in Mathematics – Actuarial Science, both from the University of Montreal. Vinal is also fluent in both French and English.
In announcing the appointment, Marc Joffe, Chief Executive Officer of GCR, said,
“Following a thorough and rigorous search process we are delighted that Vinal has agreed to take up the position of Senior Analyst in Mauritius. He has significant experience and expertise, and I am pleased that we have been able to attract someone of his calibre and track record. I have no doubt that Vinal’s appointment, in a permanent capacity based at GCR in Mauritius, will facilitate a deeper entrenchment of GCR’s presence and portfolio of credit ratings across Mauritius and the region. His appointment also reinforces GCR’s ongoing commitment to investment and capital markets development in Mauritius, and our role as a source of timely, accurate and market leading credit opinions.”
Upon his appointment, Mr. Ramdenee said,
“I am delighted to join GCR Ratings and its growing analytical team of 45+ analysts spread across Africa. GCR has a stronghold in the African credit ratings market thanks to its local footprint, which we can now further expand into Mauritius. I am looking forward to working with issuers across the Mauritian market. Increasing access to, and use of, credit ratings in Mauritius is a key element of a functioning capital market which, I believe, will help companies find access to capital, and investors to understand the risks associated to that issue(r) which can assist in enhancing sustainable growth outcomes in Mauritius and Africa.”
CREDIT RATINGS ISSUED AND RESEARCH PUBLICATIONS PUBLISHED BY GCR, ARE GCR’S OPINIONS, AS AT THE DATE OF ISSUE OR PUBLICATION THEREOF, OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. GCR DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL AND/OR FINANCIAL OBLIGATIONS AS THEY BECOME DUE. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: FRAUD, MARKET LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND GCR’S OPINIONS INCLUDED IN GCR’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. CREDIT RATINGS AND GCR’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND GCR’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL OR HOLD PARTICULAR SECURITIES. NEITHER GCR’S CREDIT RATINGS, NOR ITS PUBLICATIONS, COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. GCR ISSUES ITS CREDIT RATINGS AND PUBLISHES GCR’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING OR SALE.