Public Sector – GCR Ratings

GCR assigns a national scale long term issue rating of AA-_(NG) to Lagos State Government’s NGN14.8bn Programme 4 Series III Fixed Rate Green Bonds; Outlook Stable

February 6, 2026

Tagged in: Nigeria

Lagos, 06 February 2026 – GCR Ratings (GCR) has assigned a national scale long term issue rating of AA-(NG) to Lagos State Government’s N14.8bn Series…

Announcements Corporate Public Sector Rating Alerts

GCR assigns a national scale long term issue rating of AA-_(NG) to Lagos State Government’s NGN230bn Programme 4 Series 4 Bonds; Outlook Stable

February 6, 2026

Tagged in: Nigeria

Lagos, 06 February 2026 – GCR Ratings (GCR) has assigned a national scale long term issue rating of AA-(NG) to Lagos State Government’s N230bn Series…

Announcements Corporate Market Notifications Public Sector Rating Alerts Research

Are South African Metropolitan Municipalities positioned to take advantage of the new Government incentive programme

December 9, 2025

Tagged in: South Africa

Summary 09 December 2025, Johannesburg – GCR Ratings (GCR) has published a report on the ability of South African Metropolitan Municipalities to access the proposed…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws Cape Winelands District issuer ratings without review.

November 20, 2025

Tagged in: South Africa

Rating action Johannesburg, 20 November 2025 – GCR Ratings (GCR) has withdrawn the Cape Winelands District Municipality long and short-term national scale issuer ratings of…

Announcements Corporate Indicative Rating Actions Public Sector Rating Alerts

GCR assigns an indicative issue rating of AA-_(NG)_(IR) to Lagos State Government’s up to N200bn Programme 4 Series 4 Bonds; Outlook Stable

November 6, 2025

Tagged in: Nigeria

Lagos, 06 November 2025 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of AA-(NG)(IR) to Lagos State Government’s proposed up to N200bn…

Announcements Corporate Indicative Rating Actions Public Sector Rating Alerts

GCR assigns an indicative issue rating of AA-_(NG)_(IR) to Lagos State Government’s up to N14.8bn Programme 4 Series III Fixed Rate Green Bonds; Outlook Stable

November 6, 2025

Tagged in: Nigeria

Lagos, 06 November 2025 – GCR Ratings (GCR) has assigned an indicative long term credit rating of AA-(NG)(IR) to Lagos State Government’s proposed up to…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Plateau State Government of Nigeria’s national scale, long term issuer and issue ratings of BB_(NG) and BBB_(NG) respectively, Stable Outlook.

October 29, 2025

Tagged in: Nigeria

Lagos, 29 October 2025 – GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings assigned to Plateau State Government of Nigeria…

Announcements Public Sector Rating Alerts

GCR affirms City of Johannesburg’s National Scale Issuer Rating of A_(ZA); revises outlook to Stable on expectations of stability in its financial position

September 29, 2025

Tagged in: South Africa

Rating action Johannesburg, 29 September 2025 – GCR Ratings (GCR) has affirmed City of Johannesburg Metropolitan Municipality’s national scale long term and short term issuer…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Ogun State Government of Nigeria’s ratings of BBB+_(NG)/A2_(NG), Positive Outlook.

September 2, 2025

Tagged in: Nigeria

Lagos, 02 September 2025 – GCR Ratings (GCR) has affirmed Ogun State Government of Nigeria’s national scale long-term and short-term issuer ratings of BBB+(NG) and…

Announcements Corporate Public Sector Rating Alerts

GCR suspends ratings on Union Bank of Nigeria Plc

August 15, 2025

Tagged in: Nigeria

Lagos, 15 August 2025 – GCR Ratings (GCR) has suspended the ratings on Union Bank of Nigeria Limited (UBN or the Bank), without review. Concurrently,…