Announcements – Page 2

Rating Action Johannesburg, 9th October 2019 – GCR Ratings (“GCR”) has upgraded the national scale long term issuer rating assigned to Grindrod Bank Limited to…

Announcements Insurance Rating Alerts

GCR affirms GA Insurance Limited’s national scale financial strength rating of A+_(KE); Outlook Stable

Oct 9, 2019

Rating Action Johannesburg, 09 October 2019 – GCR Ratings (“GCR”) has affirmed GA Insurance Limited’s (“GA Kenya”) national scale financial strength (formerly claims ability) rating…

Announcements Medical Scheme Rating Alerts

GCR affirms Momentum Health’s national scale financial strength rating of AA_(ZA); Outlook Stable

Oct 8, 2019

Rating Action Johannesburg, 8 October 2019 – GCR Ratings (“GCR”) has affirmed Momentum Health’s national scale financial strength (formerly claims paying ability) rating of AA(ZA),…

Announcements Corporate Rating Alerts

GCR affirms SA Corporate Real Estate Limited’s ratings of A_(ZA)/A1_(ZA). Outlook Negative on portfolio quality pressure.

Oct 8, 2019

Rating Action Johannesburg, 08 October 2019 – GCR Ratings (“GCR”) has affirmed the long and short term national scale Issuer ratings assigned to SA Corporate…

Announcements Rating Alerts Structured Finance

GCR Assigns New Ratings and Affirms Existing Ratings of Notes Issued by TUHF Urban Finance (RF) Ltd

Oct 7, 2019

Rating Action Johannesburg, 07 October 2019 – GCR Ratings (“GCR”) assigned the following national scale long-term issue credit ratings and outlooks to the second tranche…

Announcements Rating Alerts Structured Finance

GCR assigns ‘AA-_(ZA)(EL)’ ratings to New Notes and affirms ratings of Existing Notes issued by Accelerate Property Fund Ltd. Outlook Stable

Oct 4, 2019

Rating Action Johannesburg, 4 October 2019 – GCR Ratings (“GCR”) has assigned long-term credit ratings of ‘AA-(ZA)(EL)’, with a Stable outlook to the following Senior…

Announcements Rating Alerts Structured Finance

GCR revises the Emira Property Fund Secured Notes ratings to ‘AA+_(ZA)(EL)’ on criteria change, with a Stable outlook.

Oct 4, 2019

Rating Action 4 October 2019 – GCR Ratings (“GCR”) has revised the following public long-term credit ratings accorded to the Senior Secured Floating Rate Notes…

Announcements Criteria Research

GCR publishes industry research on the South African private healthcare sector and updates the South African Sector Risk Score Report

Oct 4, 2019

GCR will periodically provide insights on key sectors/industries across different territories in which various rated entities are domiciled, encompassing changes in the operating environment, performance trends and its view of the impact of an evolution in market dynamics on the credit risk profiles of rated entities in selected industries.

Announcements Insurance Rating Alerts

GCR affirms Constantia Insurance at A-_(ZA), downgrades Conduit to BBB-_(ZA), and places ratings on Rating Watch Negative.

Oct 4, 2019

Rating Action Johannesburg, 4 October 2019 – GCR has affirmed Constantia Insurance Company Limited’s (“Constantia”) national scale financial strength (formerly claims paying ability) rating of…

Announcements Research

Bonds, Loans & Sukuk East Africa

Oct 4, 2019

Bonds, Loans & Sukuk East Africa is East Africa’s only annual debt event and brings together 250 government officials, borrowers, issuers, regulators, bankers, investors and advisors from more than 15 countries to discuss and debate pertinent developments of both on- and off-shore capital markets.