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Category: Financial Institutions

Announcements Financial Institutions Rating Alerts

GCR withdraws the ratings on First Capital Bank Zimbabwe Limited

July 17, 2025
Tagged in: Zimbabwe
Rating action Johannesburg, 17 July 2025 – GCR Ratings (GCR) has withdrawn the ratings on First Capital Bank Zimbabwe Limited, without review. The withdrawal was…
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Announcements Financial Institutions Rating Alerts

GCR upgrades Globus Bank Limited’s national scale long term ratings to BBB(NG) from BBB-(NG); Outlook Stable.

July 17, 2025
Tagged in: Nigeria
Lagos, 17 July 2025 – GCR Ratings (GCR) has upgraded Globus Bank Limited’s national scale long term rating to BBB(NG) from BBB-(NG) and affirmed the…
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Announcements Financial Institutions Rating Alerts

GCR affirms Novare Fund Manager Nigeria Limited’s national scale issuer ratings of BBB(NG)/A2(NG); Outlook is Stable.

July 14, 2025
Tagged in: Nigeria
Lagos, 14 July 2025 – GCR Ratings (GCR) has affirmed Novare Fund Manager Nigeria Limited’s national scale long-term and short-term issuer ratings of BBB+(NG) and…
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Announcements Financial Institutions Rating Alerts

GCR upgrades PSG Financial Services Limited’s national scale issuer ratings to AA-(ZA)/A1+(ZA) respectively due to performance and growth in assets under management. Outlook Stable.

July 11, 2025
Tagged in: South Africa
Rating action Johannesburg, 11 July 2025 – GCR Ratings (GCR) has upgraded the long and short term national scale issuer ratings of PSG Financial Services…
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Announcements Financial Institutions Rating Alerts

GCR places Nova Commercial Bank Limited’s national scale long and short term issuer ratings of BBB(NG)/A3(NG) on Review Extension

June 30, 2025
Tagged in: Nigeria
Lagos, 30 June 2025 – GCR Ratings (GCR) has placed Nova Commercial Bank Limited’s national scale long and short-term issuer ratings of BBB(NG) and A3(NG)…
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Announcements Financial Institutions Rating Alerts

GCR places FBC Crown Bank Limited on ratings review extension

June 30, 2025
Tagged in: Zimbabwe
Rating action Johannesburg, 30 June 2025 – GCR Ratings (GCR) places FBC Crown Bank Limited national scale long-term and short-term issuer ratings of A-(ZW) and…
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Announcements Financial Institutions Rating Alerts

GCR places Novare Fund Manager Nigeria Limited’s national scale long and short-term issuer ratings of BBB+(NG) /A2(NG) on Review Extension

June 27, 2025
Tagged in: Nigeria
Lagos, 27 June 2025 – GCR Ratings (GCR) has placed Novare Fund Manager Nigeria Limited’s national scale long and short-term issuer ratings of BBB+(NG) and…
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Announcements Financial Institutions Rating Alerts

GCR affirms East African Development Bank’s international scale ratings and national scale ratings with Stable Outlooks

June 27, 2025
Tagged in: Kenya | Rwanda | Tanzania | Uganda
Rating action Ebene, 27 June 2025 – GCR Ratings (GCR) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB-…
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Announcements Financial Institutions Rating Alerts

GCR suspends ratings on Uganda Development Bank Limited

June 27, 2025
Tagged in: Uganda
Rating action Nairobi, 27 June 2025 – GCR Ratings (GCR) has suspended the ratings on Uganda Development Bank Limited without review. The rating review process…
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Announcements Financial Institutions Rating Alerts

GCR affirms The Standard Bank of South Africa Limited’s unsolicited long and short-term national and international scale ratings of AA+(ZA)/A1+(ZA) and BB/B respectively; Outlook Stable

June 27, 2025
Tagged in: South Africa
Rating action Johannesburg, 27 June 2025 – GCR Ratings (GCR) has affirmed the unsolicited national scale long and short-term issuer ratings of The Standard Bank…
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