Global Credit Ratings awarded Best Fund Rating Service in Africa for 2017
Global Credit Ratings (GCR) has recently been named the Best Fund Rating Service for the second consecutive year by African Global Funds (AGF) at the Africa Service Providers Awards 2017. The AGF Africa Service Provider Awards were created to honour and generate both industry and public recognition of the outstanding efforts and accomplishments of fund service providers covering Africa.
With an increased trend towards fixed income and money market funds, there has also been a notable increase in the number of portfolio managers and investors calling for these funds to receive an independent rating. Money market funds also provide investors with timeous access to their money, similar to the accessibility of a call-account, yet they typically achieve comparatively better yields. They are able to do this as money market funds invest in short and longer-dated, high-quality instruments
Currently, GCR rates fifteen fixed income funds, seven of which are money market funds. Fund ratings represent GCR’s assessment of a specific fund’s exposure to factors that could lead to unexpected net asset value and total return volatility, taking into consideration the domestic regulatory and operating environments, as well as structural market issues.
The winners of each of the twenty seven categories were selected by a panel of nine judges from around the world. GCR’s evaluation for the award was based on its business model and growth, development in terms of its offering, and the way in which it delivers services to meet the needs of the fund management industry, and the broader investor and financial communities.
GCR has a firmly established market leadership position in African credit ratings. GCR’s extensive understanding of financial market specifics in a broad range of countries supports its knowledge of the unique strengths and challenges in clients’ operating environments.
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.