Lagos, 13 July 2026 – GCR Ratings (GCR) has assigned national scale long-term issue rating of A+(KE) to Linzi FinCo Trust’s KSh3.0 billion Islamic Secured Residential Lease Based Security (Linzi Sukuk); with Stable Outlook. Rated issue Rating class Rating scale Rating Outlook / Watch Linzi FinCo Trust’s KSh3.0 billion Islamic Secured Residential Lease Based Security...

Johannesburg, 13 July 2026 – GCR Ratings (GCR) has upgraded Lewis Group Limited’s long and short term national scale issuer ratings to AA-(ZA) and A1+(ZA), respectively, with the Outlook revised to Stable from Positive. Rated Entity Rating class Rating scale Rating Outlook/Watch Lewis Group Limited Long term issuer National AA-(ZA) Stable Outlook Short term issuer...

Lagos, 10 July 2026 – GCR Ratings (GCR) has assigned an indicative long-term issue rating of A+(NG)(IR) to Food Concepts Plc’s Senior Unsecured (up to NGN8 billion) Bond, with the Outlook accorded as Stable. Rated Issue Rating class Rating scale Rating Outlook IR expiry date Food Concepts Plc’s Senior Unsecured (up to NGN8 billion) Bond...

Lagos, 10 July 2026 – GCR Ratings (GCR) has assigned Stanbic IBTC Capital Limited (Stanbic IBTC Capital, the company) national scale long and short-term issuer ratings of AA+(NG) and A1+(NG) respectively, with a Stable Outlook. Rated entity Rating class Rating scale Rating Outlook Stanbic IBTC Capital Limited Long Term Issuer National AA+(NG) Stable Outlook Short...

Lagos, 08 July 2026 – GCR Ratings (GCR) has upgraded Axxela Limited’s national scale long-term issuer ratings to A+(NG) from A(NG), previously and affirmed the short-term rating at A1(NG). Concurrently, GCR has upgraded the national scale long-term issue rating of Axxela Funding 1 Plc’s NGN16.4 billion series 1 senior unsecured bond to A+(NG), from A(NG)...