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Page 2

Category: Insurance

Announcements Insurance Rating Alerts

GCR places APA Insurance Limited’s national scale financial strength rating of A(KE) on “Review Extension”

Nov 2, 2020
Tagged in: Kenya
Rating action Nairobi, 30 October 2020 – GCR Ratings (“GCR”) has placed APA Insurance Limited’s (“APA”) national scale financial strength rating of A(KE) on ‘Review…
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Announcements Insurance Rating Alerts

GCR places GA Insurance Limited’s national scale financial strength rating of A+(KE) on “Review Extension”

Oct 30, 2020
Tagged in: Kenya
Rating action Nairobi, 30 October 2020 – GCR Ratings (“GCR”) has placed GA Insurance Limited’s (“GA Kenya”) national scale financial strength rating of A+(KE) on…
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Announcements Insurance Rating Alerts

GCR extends the “Review Extension” placed on UAP Insurance Company Limited’s national scale financial strength rating of A+(KE)

Oct 30, 2020
Tagged in: Kenya
Rating action Nairobi, 30 October 2020 – GCR Ratings (“GCR”) has extended the ‘Review Extension’ placed on UAP Insurance Company Limited’s (“UAP Kenya”) national scale…
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Announcements Insurance Rating Alerts

GCR extends the “Review Extension” for Jubilee Insurance Company of Kenya Limited’s national financial strength rating of AA(KE)

Oct 30, 2020
Tagged in: Kenya
Rating action Nairobi, 30 October 2020 – GCR Ratings (“GCR”) has extended the “Review Extension” of Jubilee Insurance Company Kenya Limited’s (“Jubilee Kenya”) national scale…
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Announcements Insurance Rating Alerts

GCR affirms Reliance Insurance Company (Tanzania) Limited’s national scale financial strength rating of A(TZ), Outlook Stable

Oct 9, 2020
Tagged in: Kenya
Rating action Nairobi, 9 October 2020 – GCR Ratings (“GCR”) has affirmed Reliance Insurance Company (Tanzania) Limited’s (“Reliance”) national scale financial strength rating of A(TZ),…
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Announcements Insurance Rating Alerts

GCR places UAP Insurance Company Limited’s national scale financial strength rating of A+(KE) on “Review Extension”

Sep 30, 2020
Tagged in: Kenya
Rating action Nairobi, 30 September 2020 – GCR Ratings (“GCR”) has placed UAP Insurance Company Limited’s (“UAP Kenya”) national scale financial strength rating of A+(KE)…
More...
Announcements Insurance Rating Alerts

GCR places Jubilee Insurance Company of Kenya Limited’s national financial strength rating of AA(KE) on “Review Extension”

Sep 30, 2020
Tagged in: Kenya
Rating action Nairobi, 30 September 2020 – GCR Ratings (“GCR”) has placed Jubilee Insurance Company Kenya Limited’s (“Jubilee Kenya”) national scale financial strength rating of…
More...
Announcements Insurance Rating Alerts

GCR affirms First Assurance Company Limited’s national scale financial strength rating of BBB+(KE); Outlook Negative

Sep 23, 2020
Tagged in: Kenya
Rating action Nairobi, 23 September 2020 – GCR Ratings (“GCR”) has affirmed First Assurance Company Limited’s (“First Assurance”) national scale financial strength rating of BBB+(KE),…
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Announcements Insurance Rating Alerts

GCR affirms The Heritage Insurance Company Kenya Limited’s national scale financial strength rating of AA(KE); Outlook Stable

Aug 20, 2020
Tagged in: Kenya
Rating action Johannesburg, 20 August 2020 – GCR Ratings (“GCR”) has affirmed The Heritage Insurance Company Kenya Limited’s (“Heritage Kenya”) national scale financial strength rating…
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Announcements Insurance Rating Alerts

GCR affirms Liberty Life Assurance Kenya Limited’s national scale financial strength rating of AA(KE); Outlook Stable

Aug 20, 2020
Tagged in: Kenya
Rating action Johannesburg, 20 August 2020 – GCR Ratings (“GCR”) has affirmed Liberty Life Assurance Kenya Limited’s (“Liberty Life Kenya”) national scale financial strength rating…
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GCR Ratings Coverage

GCR Ratings Coverage

  • Southern Africa ( 264 )
    • Botswana ( 7 )
      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 6 )
    • Namibia ( 7 )
      • Banks & Non-Bank Financial Institutions ( 6 )
      • Corporate & Public Sector Debt ( 1 )
    • South Africa ( 228 )
      • Banks & Non-Bank Financial Institutions ( 17 )
      • Corporate & Public Sector Debt ( 74 )
      • Insurance ( 23 )
      • Medical ( 10 )
      • Structured and Finance Securitisation ( 77 )
    • Swaziland ( 1 )
      • Insurance ( 1 )
    • Zimbabwe ( 21 )
      • Banks & Non-Bank Financial Institutions ( 8 )
      • Insurance ( 13 )
  • Eastern Africa ( 74 )
    • Kenya ( 38 )
      • Banks & Non-Bank Financial Institutions ( 9 )
      • Corporate & Public Sector Debt ( 6 )
      • Insurance ( 20 )
    • Madagascar ( 1 )
      • Insurance ( 1 )
    • Malawi ( 3 )
      • Insurance ( 3 )
    • Mauritius ( 3 )
      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 2 )
    • Mozambique ( 2 )
      • Insurance ( 2 )
    • Rwanda ( 5 )
      • Banks & Non-Bank Financial Institutions ( 4 )
      • Insurance ( 1 )
    • Tanzania ( 11 )
      • Banks & Non-Bank Financial Institutions ( 2 )
      • Insurance ( 9 )
    • Uganda ( 9 )
      • Banks & Non-Bank Financial Institutions ( 2 )
      • Insurance ( 6 )
      • Structured and Finance Securitisation ( 1 )
    • Zambia ( 2 )
      • Insurance ( 2 )
  • Western Africa ( 142 )
    • Burkina Faso ( 1 )
      • Insurance ( 1 )
    • Cote D Ivoire ( 2 )
      • Banks & Non-Bank Financial Institutions ( 1 )
      • Insurance ( 1 )
    • Ghana ( 10 )
      • Banks & Non-Bank Financial Institutions ( 5 )
      • Insurance ( 5 )
    • Nigeria ( 127 )
      • Banks & Non-Bank Financial Institutions ( 45 )
      • Corporate & Public Sector Debt ( 48 )
      • Insurance ( 7 )
      • Structured and Finance Securitisation ( 7 )
    • Togo ( 1 )
      • Insurance ( 1 )
    • Benin ( 1 )
      • Insurance ( 1 )
  • Central Africa ( 1 )
    • Cameroon ( 1 )
      • Insurance ( 1 )
  • Northern Africa ( 2 )
    • Egypt ( 2 )
      • Banks & Non-Bank Financial Institutions ( 2 )

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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.

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