Rating Action Johannesburg, 05 December 2022 – GCR Ratings (“GCR”) has assigned Pan African Resources Plc initial long-term and short-term national scale issuer ratings of BBB+(ZA) and A2(ZA) respectively, with a Stable Outlook. Rated Entity Rating class Rating scale Rating Outlook / Watch Pan African Resources Plc Long Term Issuer National BBB+(ZA) Stable Outlook Short...

Lagos, 2 December 2022 – GCR Ratings (“GCR”) has affirmed Emzor Pharmaceutical Industries Limited’s national scale long-term and short-term Issuer ratings of A-(NG) and A2(NG) respectively. Concurrently, GCR has affirmed the national scale long-term Issue rating of A-(NG) accorded to Emzor Pharma Funding SPV Plc’s N13.729bn Series 1 Senior unsecured Bonds. The Outlook on the...

Lagos, Nigeria, 1 December 2022 – GCR Ratings (“GCR”) has assigned national scale long-term and short-term Issuer ratings of BBB(NG) and A3(NG) respectively to Edo State Government of Nigeria, with the Outlook accorded as Stable. Rated Entity / Issue Rating class Rating scale Rating Outlook/Watch Edo State Government of Nigeria Long Term Issuer National BBB(NG)...

Rating action Ebene, 30 November 2022 – GCR Ratings (“GCR”) has, without affirmation, placed CBZ Life Limited’s (“CBZ Life”) national scale financial strength rating of A-(ZW) on Rating Watch Evolving. Rated Entity Rating class Rating scale Rating Outlook / Watch CBZ Life Limited Financial strength National A-(ZW) Rating Watch Evolving Rating rationale CBZ Life’s rating...

Action de notation Dakar, le 30 Novembre 2022 – GCR Ratings (« GCR ») a affirmé la note d’émetteur de long terme de AA-(WU) du Fonds Africain de Garantie et de Coopération Economique (FAGACE) sur son échelle régionale de notation ; celle-ci avec une perspective stable. En outre, GCR a affirmé la note d’émetteur de court terme...