GCR Requests Public Comments on Draft Criteria for Insurance Financial Strength Ratings
GCR Updates Ratings Scales, Symbols and Definitions
GCR Ratings has updated and republished the Ratings Scales, Symbols and Definitions document.
GCR Publishes Updates on Various Criteria
GCR Ratings has updated and republished four criteria, with minimal changes in each.
Credit Spotlight: Environmental, Social and Governance Considerations and Issuer Credit Ratings
GCR Ratings has published a Credit Spotlight report which provides an overview of how GCR incorporates environmental, social and governance (ESG) considerations into issuer credit ratings.
GCR Publishes Updated Criteria for Secured Bond Expected Loss Credit Ratings
GCR has published an update to the Criteria for Secured Bond Expected Loss Credit Ratings. The criteria is available for download at GCRratings.com/criteria. The criteria titled ‘Criteria for Secured Bond Expected Loss Credit Ratings’ is exclusively applied when according an Expected Loss (‘EL’) rating to specific listed or unlisted debt obligations, specifically when distinguishable security or collateral has been pledged to the holders of the debt, which improves their recovery prospects after an event of default (relative to senior claims).
GCR Requests Public Comments on Draft Criteria for Secured Bond Expected Loss Credit Ratings
Request for comment: The proposed criteria titled ‘Criteria for Secured Bond Expected Loss Credit Ratings’ is exclusively applied when according an Expected Loss (‘EL’) rating to specific listed or unlisted debt obligations, specifically when distinguishable security or collateral has been pledged to the holders of the debt, which improves their recovery prospects after an event of default (relative to senior claims).
GCR Releases a Frequently Asked Questions Publication on State Owned Entities
GCR Ratings has released a Frequently Asked Questions (“FAQ”) publication on State Owned Entities (“SOEs”). The publication applies to issuer credit ratings and issue credit ratings (on both national and international scales) which have a meaningful component of Government interest, either directly through shareholding or indirectly by licensing and regulation.
GCR publishes the Insurance Sector Risk Score for Nigeria
The Insurance sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness. As a result, the operating environment analysis anchors the underlying risk score for the GCR rating methodology.
GCR publishes Financial Institutions Sector Risk Scores for Nigeria
The Financial Institutions sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness. As a result, the operating environment analysis anchors the underlying risk score for the GCR rating methodology.