Announcements Criteria Research

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 Scores are available for download at https://gcrratings.com/risk-scores/.

The GCR Corporates Sector Risk Assessment

The corporate sector risk score is an aggregation of a) cyclicality b) ease of doing business and c) sector specific dynamics scores, and is intended to provide users with an overview of the major factors that impact GCR’s assessment of the relative risk of each sector.

Corporate Sector Risk Scores are assessed on a scale of between 0-13, and are a key factor in determining the operating environment component score for each Issuer. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness. As a result, the operating environment analysis anchors the underlying risk score for the GCR ratings criteria. GCR combines elements of the country risk and sectoral risk analysis, blended across countries for Issuers operating across multiple jurisdictions, to anchor a corporate to its current operating conditions. For more details, please read the related criteria and research listed below.

GCR will periodically publish updated “South African Sector Risk Scores”, which will supersede previous publications. The publication titled “South African Sector Risk Scores, 08 November 2019”, supersedes the publication “South African Sector Risk Scores, 04 October 2019”.

Analytical Contacts

Eyal Shevel Sector Head: Corporates
Shevel@GCRratings.com +27 11 784 1771
Patricia Zvarayi Deputy Sector head: Corporates
Patricia@GCRratings.com +27 11 784 1771

Related criteria and research

Criteria for the GCR Ratings Framework, May 2019
Criteria for Rating Real Estate Investment Trusts and Other Commercial Property Companies, May 2019
GCR’s Country Risk Score Report, June 2019


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