Insurance – GCR

Insurance

GCR downgrades SONAR IARD’s national scale financial strength rating to A_(BF) from A+_(BF) due to sustained pressure on financial profile; Outlook Stable

Dec 1, 2021

Rating action Johannesburg, 01 December 2021 – GCR Ratings (“GCR”) has downgraded Société Nationale d’Assurances et de Réassurances’ (“SONAR IARD” or “the insurer”) national scale…

Announcements Insurance Rating Alerts

GCR places SONAR IARD’s national scale financial strength rating of A+_(BF) on Negative Outlook due to a weakening financial profile

Dec 22, 2020

Tagged in: Burkina Faso

Rating action Johannesburg, 22 December 2020 – GCR Ratings (“GCR”) has affirmed Société Nationale d’Assurances et de Réassurances’ (“SONAR IARD”) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR affirms SONAR IARD’s national scale financial strength rating of A+_(BF), on a resilient credit profile despite higher operating environment risks.

Sep 30, 2020

Tagged in: Burkina Faso

Rating action Johannesburg, 30 September 2020 – GCR Ratings (“GCR”) has affirmed Société Nationale d’Assurances et de Réassurances’ (“SONAR IARD”) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR affirms SONAR IARD’s national scale financial strength rating of A+_(BF); Outlook Stable.

Dec 27, 2019

Tagged in: Burkina Faso

Rating Action Johannesburg, 27 December 2019 – GCR Ratings (“GCR”) has affirmed Société Nationale d’Assurances et de Reassurances’ (“SONAR IARD”) national scale financial strength (formerly…

GCR's RESPONSE TO COVID-19

GCR continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic. The health and well-being of our staff members and all our stakeholders is of the utmost importance to us.

GCR has taken a number of precautionary measures to minimise the likelihood of transmission and impact, while our staff members have been strongly encouraged to work remotely from home.

GCR has in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market participants.

GCR continues to actively monitor the countries, sectors and issue(r)s within its ratings universe, and will continue to provide timely and accurate credit ratings, alongside useful credit research regarding market developments.

GCR thanks you for your continued support and trust, particularly in these challenging times.