Indicative Rating Actions

GCR assigns an Indicative Rating of AAA_(NG)_(IR) to Transgrid Enerco Funding SPV Plc’s up to NGN100 billion Series 1 Senior Guaranteed Fixed Rate Bonds; Outlook Stable

July 17, 2026

Tagged in: Nigeria

Lagos, 17 July 2026 – GCR Ratings (GCR) has assigned a national scale long-term indicative Issue rating of AAA(NG)(IR) to Transgrid Enerco Funding SPV Plc’s…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of A+_(NG)(IR) to Food Concepts Plc’s Senior Unsecured (up to NGN8 billion) Bond; Outlook Stable

July 10, 2026

Tagged in: Nigeria

Lagos, 10 July 2026 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of A+(NG)(IR) to Food Concepts Plc’s Senior Unsecured (up to…

Announcements Indicative Rating Actions Rating Alerts Structured Finance & Securitisation

GCR accords indicative ratings to the Notes to be issued by Amber House Fund 2 (RF) Limited

June 26, 2026

Tagged in: South Africa

Johannesburg, 26 June 2026 – GCR Ratings (GCR) has assigned the following indicative national scale issue credit ratings to the Notes (the new Notes) to…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of AAA_(NG)(IR) to InfraFunding SPV Limited’s up to NGN750 million Series 7 Tranche A Guaranteed Fixed Rate Senior Gender Infrastructure Bonds; Outlook Stable

May 8, 2026

Tagged in: Nigeria

Lagos, 08 May 2026 – GCR Ratings (GCR) has assigned a national scale long-term indicative Issue rating of AAA(NG)(IR) to InfraFunding SPV Limited’s up to…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of BBB_(NG)(IR) to Abbey Mortgage Bank Plc’s up to NGN20 billion Series 1 Senior Unsecured Fixed Rate Bonds; Outlook Stable

May 6, 2026

Tagged in: Nigeria

Lagos, 06 May 2026 – GCR Ratings (GCR) has assigned a national scale long-term indicative Issue rating of BBB(NG)(IR) to Abbey Mortgage Bank Plc’s up…

Announcements Corporate Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of BBB+_(NG)_(IR) to Valency SPV Plc’s proposed NGN15Bn Series 1 Senior Unsecured Bond: Outlook Stable

December 10, 2025

Tagged in: Nigeria

Lagos, 10 December 2025 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of BBB+(NG)(IR) to Valency SPV Plc’s proposed NGN15Bn Series 1…

Announcements Corporate Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of BBB-_(NG)_(IR) to Eat & Go Finance SPV Plc’s Series 2 Bond; Outlook Stable

November 10, 2025

Tagged in: Nigeria

Lagos, 10 November 2025 – GCR Ratings (GCR) has assigned an indicative national scale long-term issue rating of BBB-(NG)(IR) to Eat & Go Finance SPV…

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 Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating to Paras Energy Funding SPV Plc’s proposed NGN15Bn Series 1 Senior Unsecured Bonds

October 20, 2025

Tagged in: Nigeria

Lagos, 20 October 2025 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of BBB+(NG)(IR) to Paras Energy Funding SPV Plc’s NGN15Bn Series…