GCR withdraws PDM Holdings Limited’s issuer ratings
Rating Action Johannesburg, 13 August 2020 – GCR Ratings (“GCR”) has withdrawn PDM Holdings Limited’s (“PDM”) national scale long term and short term issuer ratings…
GCR assigns ‘AA+(ZA)(sf)’ ratings under the AB Finco 1 (RF) Limited Series 4, reviews ratings assigned under the Series 1, 3 and 7.
Rating Action Johannesburg, 13 August 2020 – GCR Ratings (“GCR”) has assigned ‘AA+(ZA)(sf)’ national scale long term issue credit ratings to the Notes issued by…
GCR affirms MUA Uganda’s national scale financial strength rating of A(UG); Outlook Stable
Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) national scale financial strength rating of A(UG),…
GCR revises Santam Limited’s Outlook to Negative on rising operating environment risks
Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed Santam Limited’s (“Santam”) international and national scale financial strength ratings of BB+ and…
GCR affirms ICEA LION Tanzania’s national scale financial strength rating of BB+(TZ); Outlook Stable
Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed ICEA LION General Insurance Company (Tanzania) Limited’s (“ICEA LION Tanzania”) national scale financial…
GCR affirms Centriq’s national scale financial strength rating of AA-(ZA); Outlook Stable
Rating Action Johannesburg, 11 August 2020 – GCR Ratings (“GCR”) has affirmed Centriq Insurance Company Limited’s (“Centriq”) national scale financial strength rating of AA-(ZA), with…
GCR affirms the A-(RW)/A2(RW) ratings of I&M Bank (Rwanda) PLC, Outlook Evolving, as expected capital injection offsets operating environment pressure
Rating Action Johannesburg, 07 August 2020 – GCR Ratings (‘GCR’) has affirmed I&M Bank (Rwanda) PLC’s national scale long and short-term issuer ratings at A-(RW)/A2(RW).…
GCR downgrades Delta Property Fund Limited’s rating to B-(ZA) due to a decline in portfolio metrics arising from the weaker operating environment
Rating Action Johannesburg, 07 August 2020 – GCR Ratings (“GCR”) has downgraded the long-term national scale issuer rating assigned to Delta Property Fund Limited (“Delta”)…
GCR extends Nedbank Zimbabwe Limited’s ratings ‘Review Extension’
Rating Action Johannesburg, 05 August 2020 – GCR Ratings (“GCR”) has extended the ‘Review Extension’ period of Nedbank Zimbabwe Limited’s national scale long term and…
GCR downgrades Radiant’s rating to BBB(RW), on elevated financial profile impact from higher accident claims benchmark; Outlook Negative
Rating action Johannesburg, 04 August 2020 – GCR Ratings (“GCR”) has downgraded Radiant Insurance Company Limited’s (“Radiant”) national scale financial strength rating to BBB(RW) from…
