Announcements Research

A Moderately Less Bleak House; GCR’s 2021 outlook for South African REITs

GCR believes that South African REITs’ performance fundamentals will remain under pressure in 2021. However, if less restrictive COVID-19 lockdown levels remain in place, short-term operating risks should ease and allow for greater stability, although the longer-term trajectory is dependent on how REITs adjust the usage of their properties to meet the evolving requirements of tenants and their customers.

Announcements Research

GCR publishes its 2020 Transition and Default Studies

GCR has today published its annual South African Transition and Default Study, which includes all GCR’s South African national scale and international scale entity ratings from 2001 to 2020. In addition, GCR has published its initial annual African Transition and Default Study, which includes all GCR’s African national scale and international scale entity ratings from 2001 to 2020.

Announcements Criteria Research

GCR Releases a Frequently Asked Questions Publication on State Owned Entities

GCR Ratings has released a Frequently Asked Questions (“FAQ”) publication on State Owned Entities (“SOEs”). The publication applies to issuer credit ratings and issue credit ratings (on both national and international scales) which have a meaningful component of Government interest, either directly through shareholding or indirectly by licensing and regulation.

Announcements Research

Low insurance penetration hamstrings East Africa’s short term insurance sector despite progressive regulatory initiatives

GCR Ratings has published the East Africa Short Term Insurance Bulletin, which discusses GCR’s 2020 short term insurance public credit ratings in Kenya, Tanzania and Uganda, and the 2021 outlook. The bulletin also presents graphic comparatives of financial performance of the sample of public ratings over the period 2015 to 2019.