Research

Credit Reports
Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or financial instruments.

Industry Reports
A collection of publications, providing you with key industry analysis and insights across various geographical regions.

Monitoring Updates
Dashboards exhibit key performance metrics related to Structured Finance transactions publicly rated by GCR, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.
Tags
Algeria
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Egypt
Eswatini
Ethiopia
Ghana
Guinea-Bissau
Ivory Coast
Kenya
Lesotho
Madagascar
Malawi
Mali
Mau
Mauritius
Morocco
Mozambique
Nambia
Namibia
Niger
Nigeria
Rwanda
Senegal
Seychellois
South Africa
South Sudan
Tanzania
Togo
Uganda
United Kingdom
West Africa
Zambia
Zimbabwe
Corporates
- Pan African Resources Plc (Jan 2025)
- Emzor Pharmaceutical Industries Limited (Jan 2025)
- Chrisland Schools Limited (Jan 2025)
- Edo State Government of Nigeria (Jan 2025)
- Plateau State Government of Nigeria (Dec 2024)
- African Foundries Limited (Dec 2024)
- Johnvents Industries Limited (Dec 2024)
- Ogun State Government of Nigeria (Dec 2024)
- Aradel Holdings Plc (Dec 2024)
Credit Rating Reports
- MW Asset Rentals (RF) Ltd - Monitoring Dashboard (07-Feb-25)
- Emeritus Reinsurance (Private) Limited (Feb 2025)
- Grayston Drive Autos (RF) Ltd - Monitoring Dashboard (06-Feb-25)
- Emeritus Reinsurance Company Limited (Feb 2025)
- Radiant Insurance Company Limited (Jan 2025)
- Nico General Insurance Company Limited (Jan 2025)
- Western National Insurance Company Limited (Jan 2025)
- LAPO Microfinance Bank Limited (Feb 2025)
- Activa International Insurance Company Limited (Jan 2025)
Financial Institution
- LAPO Microfinance Bank Limited (Feb 2025)
- TrustBanc Holdings Limited (Jan 2025)
- DLM Capital Group Limited (Jan 2025)
- Payaza Africa Limited (Jan 2025)
- Nigeria Mortgage Refinance Company Plc (Jan 2025)
- Fidelity Bank Plc (Jan 2025)
- CardinalStone Partners Limited (Dec 2024)
- Afrinvest Asset Management Limited (Dec 2024)
- Afrinvest (West Africa) Limited (Dec 2024)
Industry Reports
- A Review of True Sale and Risk Retention Principles in South Africa and Beyond
- Outlook for the Nigerian Asset Management Industry (Jan 2025)
- Botswana Insurance Sector Overview
- Navigating Nigeria’s FMCG Landscape: recent trends, challenges and the prospects (Dec 2024)
- South African Funds Peer Comparison (Dec 2024)
- Analysis of Collateral Performance and Cash Flow Modelling for the Rating of CMBS Transactions (Dec 2024)
- Nigerian Private Education Sector: Tales of Growth and Resilience (Dec 2024)
- The Nigerian pharmaceutical sector: Overview and outlook (Dec 2024)
- Nigeria Agricultural Sector: Food security, the challenges, and the way forward (Dec 2024)
Infographics
- GCR Risk Score Snapshot Q3 2024 (Nov 2024)
- GCR Risk Scores: Regional and Sector Comparisons: Q2 2024
- GCR Risk Scores: Regional and Sector Comparisons: Q1 2024
- GCR Risk Score Snapshot Q4 2023 (Mar 2023)
- GCR Risk Scores: Regional and Sector Comparisons: Q3 2023
- GCR Risk Scores: Regional and Sector Comparisons: Q1 2023
- GCR rated South African REITS: Credit impact of capital flight (Apr 2023)
- GCR Risk Scores: Regional and Sector Comparisons (Sep 2022)
- GCR Risk Scores: Regional and Sector Comparisons (Jun 2022)
Insurance
- Emeritus Reinsurance (Private) Limited (Feb 2025)
- Grayston Drive Autos (RF) Ltd - Monitoring Dashboard (06-Feb-25)
- Emeritus Reinsurance Company Limited (Feb 2025)
- Radiant Insurance Company Limited (Jan 2025)
- Nico General Insurance Company Limited (Jan 2025)
- Western National Insurance Company Limited (Jan 2025)
- Activa International Insurance Company Limited (Jan 2025)
- Sovereign Trust Insurance Plc (Jan 2025)
- MUA Insurance (Uganda) Limited (Jan 2025)
Monitoring Updates
- MW Asset Rentals (RF) Ltd - Monitoring Dashboard (07-Feb-25)
- Agri Harvest Investments (RF) Limited - Monitoring Dashboard (13-Dec-24)
- iMpumelelo CP Note Programme 1 (RF) Ltd - Monitoring Dashboard (20 Dec 2024)
- South African Securitisation Programme (RF) Limited - Series 3 - Monitoring Dashboard (05-Dec-24)
- South African Securitisation Programme (RF) Limited - Series 1 - Monitoring Dashboard (05-Dec-24)
- Urban Ubomi 1 (RF) Ltd - Monitoring Dashboard (04-Dec-24)
- AB Finco 1 (RF) Ltd - Monitoring Dashboard (03-Dec-24)
- Capital Harvest Finance (RF) Limited - Monitoring Dashboard (27 Nov 2024)
- iNkotha Investments (RF) Ltd - Monitoring Dashboard (15-Nov-24)
Structured Finance
- MW Asset Rentals (RF) Ltd - Monitoring Dashboard (07-Feb-25)
- A Review of True Sale and Risk Retention Principles in South Africa and Beyond
- Agri Harvest Investments (RF) Limited - Monitoring Dashboard (13-Dec-24)
- iMpumelelo CP Note Programme 1 (RF) Ltd - Monitoring Dashboard (20 Dec 2024)
- Information Requirements for Surveillance of Structured Finance Transactions (Dec 2024)
- MW Asset Rentals (RF) Limited (Dec 2024)
- South African Securitisation Programme (RF) Limited - Series 3 - Monitoring Dashboard (05-Dec-24)
- South African Securitisation Programme (RF) Limited - Series 1 - Monitoring Dashboard (05-Dec-24)
- Urban Ubomi 1 (RF) Ltd - Monitoring Dashboard (04-Dec-24)