Rating Action
Johannesburg, 23 November 2020 – GCR Ratings (“GCR”) has reviewed the ratings of CBZ Asset Management (Private) Limited, trading as Datvest under the recently released Criteria for Management Quality Ratings, July 2020.
CBZ Asset Management (Private) Limited’s management quality rating has been affirmed at MQ2(ZW), with an Evolving Outlook.
| Rated Entity | Rating class | Rating scale | Rating | Outlook/Watch |
| CBZ ... Read More |
Rating Action
Johannesburg, 20 November 2020 – GCR Ratings (“GCR”) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB- and A3 respectively, with the outlook accorded as Stable. At the same time, the following long and short-term national scale issuer ratings have been affirmed:
- Kenyan National Scale ratings at AAA(KE)/A1+(KE), with outlook accorded as Stable.
- Rwandan National Scale ...
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Rating Action
Johannesburg, 20 November 2020 – GCR Ratings (“GCR”) has affirmed KAP Industrial Holdings Limited’s long-term and short-term national scale issuer ratings of A+(ZA) and A1(ZA) respectively, with a Stable Outlook.
| Rated Entity | Rating class | Rating scale | Rating | Outlook / Watch |
| KAP Industrial Holdings Limited | Long Term Issuer | National | A+(ZA) | Stable Outlook |
| Short Term Issuer | National | ...
Rating action
Nairobi, 18 November 2020 – GCR Ratings (“GCR”) has affirmed UAP Insurance Limited’s (“UAP Kenya”) national scale financial strength rating of A+(KE), with the rating placed on Negative Rating Watch.
| Rated Entity / Issue | Rating class | Rating scale | Rating | Outlook/Watch |
| UAP Insurance Limited | Financial strength | National | A+(KE) | Rating Watch Negative |
UAP Kenya national ...
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Rating Action
Johannesburg, 17 November 2020 – GCR Ratings (“GCR”) has assigned the following credit ratings to the Class A6, Class B6 and Class C6 Notes issued under the South African Securitisation Programme (RF) Limited – Series 3 (“SASP 3” or the “Issuer”) with Stable Outlooks. The Notes were issued to refinance the maturing Class A3, Class B3 and Class C3 Notes. The ratings assigned ...
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