Public Sector – GCR Ratings

Tagged in: Nigeria

Lagos, 30 November 2023 – GCR Ratings (GCR) has affirmed the national scale long-term and short-term Issuer ratings of BBB+(NG) and A2(NG) respectively assigned to…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Plateau State Government of Nigeria’s Issuer ratings of BB_(NG)/B_(NG), Stable Outlook.

November 9, 2023

Tagged in: Nigeria

Lagos, 09 November 2023 – GCR Ratings (GCR) has affirmed the national scale long-term and short-term Issuer ratings of BB(NG) and B(NG) respectively assigned to…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Edo State Government of Nigeria’s national scale long-term Issuer rating of BBB_(NG), Outlook Stable.

October 12, 2023

Tagged in: Nigeria

Lagos, 12 October 2023 – GCR Ratings (GCR) has affirmed the national scale long-term and short-term Issuer ratings of BBB(NG) and A3(NG) respectively assigned to…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Gombe State Government of Nigeria’s national scale long-term Issuer rating of BB+_(NG), supported by the continued financial support from the federal government; Outlook revised to Negative.

September 29, 2023

Tagged in: Nigeria

Lagos, 29 September 2023 – GCR Ratings (GCR) has affirmed Gombe State Government of Nigeria’s national scale long-term and short-term Issuer ratings of BB+(NG) and…

Announcements Corporate Public Sector Rating Alerts

GCR downgrades City of Johannesburg Metropolitan Municipality’s Long Term National Scale Rating to A_(ZA) on deteriorating performance; Outlook revised to Negative.

July 28, 2023

Tagged in: South Africa

Rating Action Johannesburg, 28 July 2023 – GCR Ratings (GCR) has downgraded City of Johannesburg Metropolitan Municipality’s national scale long term Issuer rating to A(ZA)…

Announcements Corporate Public Sector Rating Alerts

GCR downgrades eThekwini Municipality’s National Scale Issuer Rating to AA_(ZA) on weakened service delivery and governance concerns. Outlook revised to Negative

May 30, 2023

Tagged in: South Africa

Rating action Johannesburg, 30 May 2023 – GCR Ratings (GCR) has downgraded eThekwini Municipality’s national scale long term issuer rating to AA(ZA) From AA+(ZA) with…

Announcements Corporate Public Sector Rating Alerts

GCR affirms the County Government of Laikipia’s ratings of BBB-_(KE)/ A3_(KE), Stable Outlook, due to a firmer operational performance and continued government support

May 29, 2023

Tagged in: Kenya

Rating Action Johannesburg, 29 May 2023 – GCR Ratings (“GCR”) has affirmed the national scale long and short term issuer ratings assigned to the County…

Announcements Corporate Public Sector Rating Alerts

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

May 29, 2023

Tagged in: South Africa

Rating Action Johannesburg, 29 May 2023 – GCR Ratings (“GCR”) has affirmed West Coast District Municipality’s national scale issuer ratings of A(ZA) and A1(ZA) in…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws the ratings on King Cetshwayo District Municipality

May 22, 2023

Tagged in: South Africa

Rating action Johannesburg, 22 May 2023 – GCR Ratings (GCR) has withdrawn the ratings on King Cetshwayo District Municipality, without review. The withdrawal was due…

Announcements Corporate Public Sector Rating Alerts

GCR places the Ekurhuleni Water Care Company ratings of BBB_(ZA)/ A3_(ZA) on Negative Outlook, given the ongoing financial constraints and political instability within City of Ekurhuleni

April 26, 2023

Tagged in: South Africa

Rating Action Johannesburg, 26 April 2023 – GCR Ratings (“GCR”) has affirmed the national scale long and short term issuer ratings assigned to Ekurhuleni Water…