Announcements

GCR revises Continental Reinsurance Company Limited’s financial strength ratings to BB+_(BW) and B+ on Criteria Change, Outlook Stable

Mar 31, 2020

Rating Action Johannesburg, 31 March 2020 – GCR Ratings (“GCR”) has, on criteria change, revised Continental Reinsurance Company Limited’s (“CRe Botswana”) national scale financial strength…

Announcements Research

Pandemics and economic shocks: in 2020 Country Risks are rising fast but risk differentiation is not yet clear

Mar 31, 2020

Summary 31 March 2020 – GCR Ratings (“GCR”) has published a Special Report on Country Risk for 2020. The update is available for download at:…

Announcements Research

Zimbabwean Banks to face asset quality and liquidity pressures stemming from the impact of COVID-19

Mar 31, 2020

GCR has published a special report on the impact of COVID-19 on Zimbabwean Financial Institutions. Key highlights of the research are: The Zimbabwean economy is ill-equipped to cope with the mounting risks of COVID-19.

Announcements Insurance Rating Alerts

GCR downgrades Lion of Africa’s national scale financial strength rating to CC_(ZA), Negative Outlook

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 – GCR Ratings (“GCR”) has downgraded Lion of Africa Insurance Company Limited’s (“Lion of Africa”) national scale financial strength…

Announcements Fund Rating Alerts

GCR affirms Nedgroup Investments Prime Money Market Fund’s rating of AAA_(ZA)(f); Outlook Negative.

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 — Global Credit Ratings has affirmed the national scale fund rating accorded to Nedgroup Investments Prime Money Market Fund…

Announcements Fund Rating Alerts

GCR affirms Nedgroup Investments Money Market Fund’s rating of AA+_(ZA)(f); Outlook Stable.

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 — Global Credit Ratings has affirmed the national scale fund rating accorded to Nedgroup Investments Money Market Fund of…

Announcements Fund Rating Alerts

GCR affirms Nedgroup Investments Corporate Money Market Fund’s rating of AA+_(ZA)(f); Outlook Stable

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 — Global Credit Ratings has affirmed the national scale fund rating accorded to Nedgroup Investments Corporate Money Market Fund…

Announcements Fund Rating Alerts

GCR affirms Nedgroup Investments Core Income Fund’s rating of AA_(ZA)(f); Outlook Stable.

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 — Global Credit Ratings has affirmed the national scale fund rating accorded to Nedgroup Investments Core Income Fund of…

Announcements Rating Alerts Structured Finance

Fox Street 3 (RF) Ltd: Ratings of all outstanding notes affirmed and simultaneously withdrawn following exercise of Originator Call Option

Mar 30, 2020

Rating Action Johannesburg, 30 March 2020 – GCR Ratings (“GCR”) has affirmed and simultaneously withdrawn the following long-term issue ratings of the following Notes issued…

Announcements Corporate Rating Alerts

GCR places Hospitality Property Fund’s ratings on Negative Watch in the wake of COVID-19 related risks.

Mar 27, 2020

Rating Action Johannesburg, 27 March 2020 – GCR Ratings (“GCR”) has affirmed Hospitality Property Fund Limited’s (“HPF” or “the REIT”) national scale long-term and short-term…