Announcements

GCR downgrades SA Corporate’s rating to A-_(ZA) on deteriorating financial profile. Ratings withdrawn.

May 22, 2020

Rating Action Johannesburg, 22 May 2020 – GCR Ratings (“GCR”) has downgraded the national scale long-term and short-term Issuer ratings assigned to SA Corporate Real…

Announcements Financial Institutions Rating Alerts

GCR withdraws ASL Credit Limited’s Issuer Ratings

May 22, 2020

Rating Action Johannesburg, 22 May 2020 – GCR Ratings (“GCR”) has withdrawn the national scale long term and short term issuer ratings assigned to ASL…

Announcements Insurance Rating Alerts

Forte Insurance assigned an international scale rating of B, and Cambodian national scale rating of AA_(KH); Outlooks Stable

May 19, 2020

Rating Action Johannesburg, 19 May 2020 – GCR Ratings (“GCR”) has assigned Forte Insurance (Cambodia) Plc (“Forte Insurance”) an international scale financial strength rating of…

Announcements Financial Institutions Rating Alerts

Atlas Mara Zambia’s long-term national scale rating lowered to CCC_-(ZM) from CCC_(ZM) and subsequently withdrawn.

May 14, 2020

Rating Action Johannesburg, 12th May 2020 – GCR Ratings (‘GCR’) has downgraded Atlas Mara Zambia’s national scale long term issuer rating to CCC-(ZM) from CCC(ZM),…

Announcements Insurance Rating Alerts

GCR affirms Coface ZA’s national scale financial strength rating of AA_(ZA) with a Negative Outlook and withdraws rating

May 14, 2020

Rating Action Johannesburg, 14 May 2020 – GCR Ratings (“GCR”) has affirmed Coface South Africa Insurance Company Limited’s (“Coface ZA”) national scale financial strength rating…

Announcements Rating Alerts Structured Finance

GCR places the ratings of the various Classes of Notes issued by Nitro Securitisation 6 (RF) Limited under ‘Review Extension’

May 13, 2020

Johannesburg, 13 May 2020 – GCR Ratings (“GCR”) has placed the following long-term issue credit ratings of the Notes issued by Nitro Securitisation 6 (RF)…

Announcements Rating Alerts Structured Finance

GCR affirms AB Finco 1 (RF) Limited ratings under its Series 3 and 7, while revising the outlook of the latter to Negative.

May 12, 2020

Rating Action Johannesburg, 12 May 2020 – GCR Ratings (“GCR”) has affirmed the following national scale long term issue credit ratings assigned to the Notes…

Announcements Insurance

GA Insurance Limited’s acquisition of Nova Insurance Company Limited not expected to have an immediate rating impact

May 11, 2020

Johannesburg, 11 May 2020 – GCR Ratings (“GCR”) views GA Insurance Limited’s (“GA Kenya” or “the group”) acquisition of Nova Insurance Company Limited, domiciled in…

Announcements Criteria Research

GCR Publishes Insurance Sector Risk Score for the Kingdom of Cambodia

May 8, 2020

Johannesburg, 08 May 2020: GCR Ratings (“GCR”) has published the Insurance Sector Risk Score for the Kingdom of Cambodia (“Cambodia”). The Insurance Sector Risk Scores…

Announcements Corporate Rating Alerts

GCR places SANRAL’s A_(ZA)/ A1_(za) long and short term national scale ratings and BB- international scale ratings on negative outlook, on potentially reduced government support

May 7, 2020

Rating Action Johannesburg, 07 May 2020 – GCR Ratings (“GCR”) have affirmed the national scale Issuer ratings assigned to South African National Roads Agency SOC…