GCR continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic.
The health and well-being of our staff members and all our stakeholders is of the utmost importance to us, and we are doing our best to keep our employees, communities and offices safe.
Following the outbreak of COVID-19, and aligned to the directives issued by various governments, GCR has taken a number of precautionary measures to minimise the likelihood of transmission and impact including travel limitations, observing appropriate principles of hygiene and encouraging cautious interaction.
Accordingly, our staff members have been strongly encouraged to work remotely from home through digital channels. GCR has the necessary infrastructure in place to operate virtually across our network of African offices. We have in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market participants.
As a result, and as your key source of ratings and credit information, GCR continues to actively monitor the countries, sectors and issue(r)s within its ratings universe. We will continue to provide timely and accurate credit ratings, alongside useful credit research regarding market developments.
Thank you for your continued support and trust in GCR, particularly in these challenging times.
We strongly encourage you to follow health authorities’ recommendations to safeguard your health and that of your loved ones.
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.