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Page 15

Category: Corporate

Announcements Corporate Public Entities Rating Alerts

GCR places Delta State Government of Nigeria’s National Scale Rating ‘Under Review’

Sep 28, 2018
Tagged in: Nigeria
Lagos, 28 September 2018 — Global Credit Ratings has placed the long term national scale rating of BBB+(NG) assigned to Delta State Government ‘Under Review’.…
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Announcements Corporate Rating Alerts

GCR accords indicative ratings of BBB+(NG) to Flour Mills of Nigeria Plc’s Series 1 And 2 Bonds

Sep 21, 2018
Tagged in: Nigeria
Lagos, 21 September 2018 — Global Credit Ratings has accorded indicative public ratings of BBB+(NG) respectively to the Series 1 Senior Unsecured Bonds (“Series 1…
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Announcements Corporate Rating Alerts

GCR affirms Flour Mills of Nigeria Plc’s Rating of BBB+(NG); Outlook Stable

Sep 21, 2018
Tagged in: Nigeria
Lagos, 21 September 2018 — Global Credit Ratings has affirmed the national scale ratings assigned to Flour Mills of Nigeria Plc (“FMN” or “the Company”)…
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Announcements Corporate Rating Alerts

GCR affirms Mixta Real Estate Plc’s Series 1 Senior Guaranteed Bonds rating of AA+(NG); Outlook Stable

Sep 14, 2018
Tagged in: Nigeria
Lagos, 14 September 2018 — Global Credit Ratings has affirmed the final public long term rating of ‘AA+(NG) to the Series 1 Senior Guaranteed Fixed…
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Announcements Corporate Public Entities Rating Alerts

GCR Places Lagos State Government of Nigeria’s National Scale Ratings ‘Under Review’.

Sep 3, 2018
Tagged in: Nigeria
Lagos, 03 September 2018 — Global Credit Ratings has placed the long term national scale Issuer rating of A+(NG) assigned to Lagos State Government of…
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Announcements Public Entities Rating Alerts

GCR Places Nigeria Mortgage Refinance Company Plc’s National Scale Ratings ‘Under Review’.

Aug 31, 2018
Tagged in: Nigeria
Lagos, 31 August 2018—Global Credit Ratings (“GCR”) has placed Nigeria Mortgage Refinance Company Plc’s national scale long-term and short-term ratings of BBB+(NG) and A2(NG) respectively…
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Announcements Corporate Rating Alerts

GCR affirms Forte Oil PLC’s Rating of A-(NG); Outlook: Ratings Watch

Aug 30, 2018
Tagged in: Nigeria
Lagos, 30 August 2018 — Global Credit Ratings has affirmed the national scale ratings assigned to Forte Oil PLC (“Forte” or “the Group”) at A-(NG)…
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Announcements Corporate Rating Alerts

GCR Accords Indicative Ratings to Mixta Real Estate Plc’s Series 2 Bond Issues.

Aug 29, 2018
Tagged in: Nigeria
Lagos Nigeria, 29 August 2018 — Global Credit Ratings has assigned indicative public ratings of ‘AA+(NG)’ and ‘A(NG)’ to Mixta Real Estate Plc’s proposed N3.5bn…
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GCR Ratings Coverage

GCR Ratings Coverage

  • Southern Africa ( 264 )
    • Botswana ( 7 )
      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 6 )
    • Namibia ( 7 )
      • Banks & Non-Bank Financial Institutions ( 6 )
      • Corporate & Public Sector Debt ( 1 )
    • South Africa ( 228 )
      • Banks & Non-Bank Financial Institutions ( 17 )
      • Corporate & Public Sector Debt ( 74 )
      • Insurance ( 23 )
      • Medical ( 10 )
      • Structured and Finance Securitisation ( 77 )
    • Swaziland ( 1 )
      • Insurance ( 1 )
    • Zimbabwe ( 21 )
      • Banks & Non-Bank Financial Institutions ( 8 )
      • Insurance ( 13 )
  • Eastern Africa ( 74 )
    • Kenya ( 38 )
      • Banks & Non-Bank Financial Institutions ( 9 )
      • Corporate & Public Sector Debt ( 6 )
      • Insurance ( 20 )
    • Madagascar ( 1 )
      • Insurance ( 1 )
    • Malawi ( 3 )
      • Insurance ( 3 )
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      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 2 )
    • Mozambique ( 2 )
      • Insurance ( 2 )
    • Rwanda ( 5 )
      • Banks & Non-Bank Financial Institutions ( 4 )
      • Insurance ( 1 )
    • Tanzania ( 11 )
      • Banks & Non-Bank Financial Institutions ( 2 )
      • Insurance ( 9 )
    • Uganda ( 9 )
      • Banks & Non-Bank Financial Institutions ( 2 )
      • Insurance ( 6 )
      • Structured and Finance Securitisation ( 1 )
    • Zambia ( 2 )
      • Insurance ( 2 )
  • Western Africa ( 142 )
    • Burkina Faso ( 1 )
      • Insurance ( 1 )
    • Cote D Ivoire ( 2 )
      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 1 )
    • Ghana ( 10 )
      • Banks & Non-Bank Financial Institutions ( 5 )
      • Insurance ( 5 )
    • Nigeria ( 127 )
      • Banks & Non-Bank Financial Institutions ( 45 )
      • Corporate & Public Sector Debt ( 48 )
      • Insurance ( 7 )
      • Structured and Finance Securitisation ( 7 )
    • Togo ( 1 )
      • Insurance ( 1 )
    • Benin ( 1 )
      • Insurance ( 1 )
  • Central Africa ( 1 )
    • Cameroon ( 1 )
      • Insurance ( 1 )
  • Northern Africa ( 2 )
    • Egypt ( 2 )
      • Banks & Non-Bank Financial Institutions ( 2 )

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GCR's RESPONSE TO COVID-19

GCR continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic. The health and well-being of our staff members and all our stakeholders is of the utmost importance to us.

GCR has taken a number of precautionary measures to minimise the likelihood of transmission and impact, while our staff members have been strongly encouraged to work remotely from home.

GCR has in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market participants.  

GCR continues to actively monitor the countries, sectors and issue(r)s within its ratings universe, and will continue to provide timely and accurate credit ratings, alongside useful credit research regarding market developments. 

GCR thanks you for your continued support and trust, particularly in these challenging times.

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