Announcements

GCR removes the Rating Watch on Accelerate’s credit ratings, but leaves the long-term issuer rating of BBB-_(ZA) and the Secured Notes ratings of A-_(ZA)_(EL) on Negative Outlook

May 13, 2022

Johannesburg, 13 May 2022 – GCR Ratings (“GCR”) has affirmed Accelerate Property Fund Limited’s (“Accelerate”, “the REIT”) national scale long-term and short-term issuer ratings at…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an Indicative Rating of BBB+_(NG)_(IR) to Accelerex SPV Plc’s N6bn Series 1 Senior Unsecured Bonds, Outlook Stable

May 13, 2022

Tagged in: Nigeria

Lagos, 13 May 2022 – GCR Ratings (“GCR”) has assigned a national scale long term indicative Issue rating of BBB+(NG)(IR) to Accelerex SPV Plc’s proposed…

Announcements Financial Institutions Rating Alerts

GCR downgrades FSDH Asset Management Limited’s national scale long term Issuer rating to BBB+_(NG) from A-_(NG), due to significant financial profile erosion; Outlook Stable

May 12, 2022

Tagged in: Nigeria

Lagos, 12 May 2022 – GCR Ratings (“GCR”) has downgraded FSDH Asset Management Limited’s national scale long-term issuer rating to BBB+(NG) from A-(NG), while maintaining…

Announcements Financial Institutions Rating Alerts

GCR Assigns Long-term and Short-term National Scale Issuer Ratings of BBB+_(NG) and A2_(NG) respectively to NPF Microfinance Bank Limited, Outlook Stable.

May 11, 2022

Tagged in: Nigeria

Lagos, 11 May 2022 – GCR Ratings (“GCR”) has assigned NPF Microfinance Bank Plc national scale long-term and short-term issuer ratings of BBB+(NG) and A2(NG)…

Announcements Research

GCR Publishes Peer Comparatives for South Africa Short Term Insurance

May 11, 2022

Tagged in: South Africa

The Peer Comparatives for South Africa Short Term Insurance forms part of the Short Term Insurance Peer Comparatives series, containing key metric comparatives and summarised financial synopses of insurance entities that operate within select markets, and are publicly rated by GCR.

Announcements Indicative Rating Actions Rating Alerts Structured Finance & Securitisation

GCR Assigns Indicative Rating of AAA_(ZA)_(sf)_(IR) with a Stable Outlook to the Series 8 Notes to be Issued by MW Asset Rentals (RF) Ltd

May 11, 2022

Tagged in: South Africa

Johannesburg, 11 May 2022 – GCR Ratings (“GCR”) has assigned the following national scale long term issue indicative credit rating and outlook to the following…

Announcements Research

GCR Reviews Financial Institutions Sector Risk Score for Zimbabwe

May 11, 2022

Summary Johannesburg, 11 May 2022 – GCR Ratings (“GCR”) has reviewed the Financial Institutions Sector Risk Score for Zimbabwe. As a result, we have decreased…

Announcements Insurance Rating Alerts

GCR withdraws UAP Old Mutual Uganda’s national scale financial strength rating without review

May 10, 2022

Tagged in: Kenya

Nairobi, 10 May 2022 – GCR Ratings (“GCR”) has withdrawn UAP Old Mutual Insurance Uganda Limited’s (“UAP Old Mutual Uganda”) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR withdraws UAP Kenya’s national scale financial strength rating without review

May 10, 2022

Tagged in: Kenya

Nairobi, 10 May 2022 – GCR Ratings (“GCR”) has withdrawn UAP Insurance Company Limited’s (“UAP Kenya”) national scale financial strength rating of A-(KE). The rating…

Announcements Criteria Research

GCR Updates Ratings Scales, Symbols and Definitions

May 9, 2022

GCR Ratings has updated and republished the Ratings Scales, Symbols and Definitions document.