Hafeez Okunola – GCR Ratings

GCR assigns Stanbic IBTC Pension Managers Limited an Initial Management Quality Rating of MQ2_(NG)_(mq), with a Stable Outlook

Feb 3, 2023

Tagged in: Nigeria

Lagos, 03 February 2023 – GCR Ratings (“GCR”) has assigned Stanbic IBTC Pension Managers Limited an initial management quality rating of MQ2(NG)(mq), with a Stable…

Announcements Corporate Rating Alerts

GCR withdraws the ratings on Viathan Funding Plc

Jan 31, 2023

Tagged in: Nigeria

Lagos, Nigeria, 31 January 2023 – GCR Ratings (“GCR”) has withdrawn the long-term and short-term Issuer ratings of CCC-(NG) and C(NG) respectively accorded to Viathan…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws the ratings on Niger State Government of Nigeria

Jan 31, 2023

Tagged in: Nigeria

Lagos, Nigeria, 31 January 2023 – GCR Ratings (“GCR”) has withdrawn the long-term and short-term Issuer ratings of BBB-(NG) and A3(NG) respectively accorded to Niger…

Announcements Corporate Indicative Rating Actions Rating Alerts

GCR assigns an indicative issue rating of A_(NG)_(IR) to River Jamieson SPV Limited’s up to N25bn Fixed Rate Senior Guaranteed Series 1 Bonds, Outlook Stable

Jan 30, 2023

Tagged in: Nigeria

Lagos, 30 January 2023 – GCR Ratings (“GCR”) has assigned an indicative long term credit rating of A(NG)(IR) to River Jamieson SPV Limited’s proposed up…

Announcements Financial Institutions Rating Alerts

GCR places C&I Leasing Plc’s national scale issuer ratings of BBB_(NG) /A3_(NG) on “Review Extension”

Jan 26, 2023

Tagged in: Nigeria

Lagos, 26 January 2023 – GCR Ratings (“GCR”) has placed C & I Leasing Plc’s national scale long and short-term issuer ratings of BBB(NG) and…

Announcements Financial Institutions Rating Alerts

GCR assigns FCMB Group Plc National Scale Issuer Ratings of BBB+_(NG)/A2_(NG); Outlook Stable

Jan 23, 2023

Tagged in: Nigeria

Lagos, 23 January 2023 – GCR Ratings (“GCR”) has assigned FCMB Group Plc national scale long and short-term issuer ratings of BBB+(NG) and A2(NG) respectively,…

Announcements Corporate Rating Alerts

GCR assigns AAA_(NG) rating to MTN Nigeria Communications Plc’s N115bn Series 1 (Tranche A and B) Senior Unsecured Bond Issue; Outlook is Stable.

Jan 23, 2023

Tagged in: Nigeria

Lagos, Nigeria, 23 January 2023 – GCR Ratings (“GCR”) has assigned a national scale long-term Issue rating of AAA(NG) to MTN Nigeria Communications Plc’s N115bn…

Announcements Corporate Rating Alerts

GCR assigns an initial Issuer rating of BBB-_(NG) to Robust International Commodities Limited on the credit strengths of its guarantor sister company, Outlook Stable.

Jan 19, 2023

Tagged in: Nigeria

Lagos, Nigeria, 19 January 2023 – GCR Ratings (“GCR”) has assigned national scale long-term and short-term Issuer ratings of BBB-(NG) and A3(NG) respectively to Robust…

Announcements Corporate Rating Alerts

GCR assigns Dangote Industries Funding Plc’s N112.4bn Series 2 Senior Unsecured Bonds an Issue rating of AA+_(NG); Outlook Stable.

Jan 16, 2023

Tagged in: Nigeria

Lagos, 16 January 2023– GCR Ratings (“GCR”) has assigned a national scale long-term Issue rating of AA+(NG) to Dangote Industries Funding Plc’s N112.4bn Series 2…

Announcements Corporate Rating Alerts

GCR withdraws Transcorp Hotels Plc’s N10bn Series 1 Senior Unsecured Bond Rating

Jan 13, 2023

Tagged in: Nigeria

Lagos, 12 January 2023 – GCR Ratings (“GCR”) has withdrawn the national scale long-term Issue rating of BBB+(NG) accorded to Transcorp Hotels Plc’s N10bn Series…