Public Sector – GCR Ratings

GCR Commercial Property Sector Outlook raised to Positive as earnings and financial headroom rebound

July 7, 2026

Johannesburg, 07 July 2026 – GCR Ratings (“GCR”) has published a report titled “GCR Commercial Property Sector Outlook raised to Positive as earnings and financial…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Resilient REIT Limited’s ratings of AA_(ZA)/A1+_(ZA) on the back of the strong performance in the domestic portfolio, Outlook Stable

June 24, 2026

Tagged in: South Africa

Johannesburg, 24 June 2026 – GCR Ratings (GCR) has affirmed Resilient REIT Limited’s national scale long and short-term issuer ratings of AA(ZA) and A1+(ZA) respectively,…

Announcements Corporate Public Sector Rating Alerts

GCR affirms West Coast District Municipality’s rating of A_(ZA) with a Stable outlook.

May 29, 2026

Tagged in: South Africa

Johannesburg, 29 May 2026 – GCR Ratings (GCR) has affirmed West Coast District Municipality’s national scale issuer ratings of A(ZA) and A1(ZA) in the long…

Announcements Corporate Public Sector Rating Alerts

GCR revises the Outlook on City of Ekurhuleni Metropolitan Municipality’s National Scale Issuer Rating of BBB_(ZA) to Negative, due to the deterioration in the Audit outcome and other governance concerns

May 19, 2026

Tagged in: South Africa

Johannesburg, 19 May 2026 – GCR Ratings (GCR) has affirmed the City of Ekurhuleni Metropolitan Municipality’s national scale long and short-term issuer ratings at BBB(ZA)…

Announcements Corporate Public Sector Rating Alerts

GCR affirms the Ekurhuleni Water Care Company NPC’s long term rating at BBB_(ZA), rating outlook revised to Negative from Stable

May 19, 2026

Tagged in: South Africa

Johannesburg, 19 May 2026 – GCR Ratings (GCR) has affirmed Ekurhuleni Water Care Company NPC’s (ERWAT) national scale long and short-term issuer ratings at BBB(ZA)…

Announcements Corporate Public Sector Rating Alerts

GCR places the City of Johannesburg Metropolitan Municipality’s ratings on Rating Watch Negative due to its failure to finalise its audited financial statements.

April 9, 2026

Tagged in: South Africa

Rating action Johannesburg, 09 April 2026 – GCR Ratings (GCR) has placed the City of Johannesburg Metropolitan Municipality’s (CoJ) national scale long and short term…

Announcements Public Sector Rating Alerts

GCR affirms Stor-Age Property REIT Limited’s national scale Issuer rating of A+_(ZA); Stable outlook

March 31, 2026

Tagged in: South Africa

Johannesburg, 31 March 2026– GCR Ratings (GCR) has affirmed Stor-Age Property REIT Limited’s (Stor-Age, the REIT) national scale long and short-term Issuer ratings of A+(ZA)…

Announcements Public Sector Rating Alerts

GCR places Enugu State Government of Nigeria’s national scale ratings of BBB_(NG)/A3_(NG) on Review Extension.

March 30, 2026

Tagged in: Nigeria

Lagos, 30 March 2026 – GCR Ratings (GCR) has placed Enugu State Government of Nigeria’s long-term and short-term national scale issuer ratings of BBB(NG) and…

Announcements Public Sector Rating Alerts

GCR affirms Ondo State Government of Nigeria’s Issuer ratings of BBB_(NG)/A3_(NG), with the outlook revised to Positive.

March 27, 2026

Tagged in: Nigeria

Lagos, 27 March 2026 – GCR Ratings (GCR) has affirmed Ondo State Government of Nigeria’s national scale long-term and short-term issuer ratings of BBB(NG) and…

Announcements Public Sector Rating Alerts

GCR downgrades Buffalo City Metropolitan Municipality’s long term national scale issuer rating to BBB+_(ZA) on operating performance weakness and financial pressures; Outlook revised to Stable.

March 19, 2026

Tagged in: South Africa

Johannesburg, 19 March 2026 – GCR Ratings (GCR) has downgraded Buffalo City Metropolitan Municipality’s national scale long term issuer rating to BBB+(ZA) and maintained the…