Indicative Rating Actions

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…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an indicative rating of BBB-_(NG)_(IR) to LAPO MFB SPV Plc’s NGN10 billion Fixed Rate Series 1 Senior Unsecured Bonds; Outlook Stable

July 29, 2025

Tagged in: Nigeria

Lagos, 29 July 2025 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of BBB-(NG)(IR) to LAPO MFB SPV Plc’s proposed NGN10 billion…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an Indicative Rating of AAA_(NG)(IR) to Elektron Finance SPV Plc’s NGN17 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds; Outlook Stable.

May 20, 2025

Tagged in: Nigeria

Rating action Lagos, 20 May 2025 – GCR Ratings (GCR) has assigned a national scale long-term indicative Issue rating of AAA(NG)(IR) to Elektron Finance SPV…

Announcements Fund Rating Indicative Rating Actions Rating Alerts

GCR assigns an indicative national scale fund rating of AA_(NG)_(f)_(IR) to the Ministry of Finance Incorporated Real Estate Investment Funds up to NGN100 billion Series 2 Issuance; Outlook Stable.

March 14, 2025

Tagged in: Nigeria

Lagos, 14 March 2025 – GCR Ratings (GCR) has assigned an indicative national scale fund rating of AA(NG)(f)(IR) to the Ministry of Finance Incorporated Real…

Announcements Financial Institutions Indicative Rating Actions Rating Alerts

GCR assigns an indicative national scale fund rating of A-_(NG)_(f)_(IR) to SAMTL Money Market Fund; Outlook Stable

February 24, 2025

Tagged in: Nigeria

Lagos, 24 February 2025 – GCR Ratings (GCR) has assigned SAMTL Money Market Fund an indicative national scale fund rating of A-(NG)(f)(IR) with a Stable…

Announcements Indicative Rating Actions Rating Alerts Structured Finance & Securitisation

GCR accords indicative credit ratings to the Notes to be issued by Urban Ubomi 2 (RF) Limited

November 12, 2024

Tagged in: South Africa

Rating Action Johannesburg, 12 November 2024 – GCR Ratings (GCR) has accorded the following indicative long-term issue credit ratings to the Notes (the new Notes)…