Announcements

GCR places H. Young and Company’s BBB-_(KE)/A3_(KE) ratings on Positive Outlook due to improvement in gearing metrics

Oct 23, 2020

Tagged in: Kenya

Rating Action Johannesburg, 23 October 2020 – GCR Ratings (“GCR”) has affirmed H. Young and Company (East Africa) Limited’s national scale long and short term…

Announcements Financial Institutions Rating Alerts

GCR affirms Diamond Trust Bank Limited’s national scale issuer rating of A+_(KE); Outlook Negative

Oct 22, 2020

Tagged in: Kenya

Rating Action Johannesburg, 22 October 2020 – GCR Ratings (“GCR”) has affirmed the Kenyan long and short-term issuer ratings on Diamond Trust Bank Limited of…

Announcements Insurance Rating Alerts

GCR affirms Sanlam Life Insurance (Tanzania) Limited’s national scale financial strength rating of AA-_(TZ) ; Outlook Negative

Oct 19, 2020

Tagged in: Tanzania

Rating action Johannesburg, 19 October 2020 – GCR Ratings (“GCR”) has affirmed Sanlam Life Insurance (Tanzania) Limited’s (“Sanlam Life Tanzania”) national scale financial strength rating…

Announcements Financial Institutions Rating Alerts

GCR upgrades Ecobank Zimbabwe Limited’s national scale long term issuer rating to A+_(ZW); Outlook Stable

Oct 19, 2020

Tagged in: Zimbabwe

Rating Action Johannesburg, 19 October 2020 – GCR Ratings (“GCR”) has upgraded Ecobank Zimbabwe Limited’s national scale long term issuer rating to A+(ZW) from A(ZW).…

Announcements Insurance Rating Alerts

GCR affirms First Mutual Reinsurance Company Limited’s national scale financial strength rating of BBB_(ZW); Rating Watch Positive

Oct 16, 2020

Tagged in: Zimbabwe

Rating action Johannesburg, 16 October 2020 – GCR Ratings (“GCR”) has affirmed First Mutual Reinsurance Company Limited’s (“First Mutual Re”) national scale financial strength rating…

Announcements Corporate Public Entities Rating Alerts

GCR assigns City of Tshwane Metropolitan Municipality A_(ZA)/ A1_(ZA) issuer ratings, reflecting its status as a political centre, albeit with relatively high gearing; Outlook Stable

Oct 14, 2020

Tagged in: South Africa

Rating Action Johannesburg, 14 October 2020 – GCR Ratings (“GCR”) has assigned City of Tshwane Metropolitan Municipality national scale long and short term issuer ratings…

Announcements Rating Alerts Structured Finance

GCR assigns new rating to Notes issued by AB Finco 2 (RF) Limited under Transaction 2, Series 1

Oct 13, 2020

Tagged in: South Africa

Rating Action Johannesburg, 13 October 2020 – GCR Ratings (“GCR”) has assigned the following short-term issue credit rating to the following Notes that were issued…

Announcements Insurance Rating Alerts

GCR affirms Professional Insurance Corporation Zambia PLC’s rating of A+_(ZM); Outlook Stable

Oct 12, 2020

Tagged in: Zambia

Credit Rating Action Johannesburg, 12 October 2020 – GCR Ratings (“GCR”) has affirmed Professional Insurance Corporation Zambia PLC’s (“PICZ”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR affirms Reliance Insurance Company (Tanzania) Limited’s national scale financial strength rating of A_(TZ), Outlook Stable

Oct 9, 2020

Tagged in: Kenya

Rating action Nairobi, 9 October 2020 – GCR Ratings (“GCR”) has affirmed Reliance Insurance Company (Tanzania) Limited’s (“Reliance”) national scale financial strength rating of A(TZ),…

Announcements Corporate Rating Alerts

GCR assigns Centum Real Estate Limited national scale issuer ratings of BBB+_(KE) / A2_(KE); balancing weak real estate fundamentals with a solid market position

Oct 9, 2020

Tagged in: Kenya

Rating Action Johannesburg, 09 October 2020 – GCR Ratings (“GCR”) has assigned Centum Real Estate Limited national scale long and short-term issuer ratings of BBB+(KE)…