Lagos, 29 June 2022 – GCR Ratings (“GCR”) has upgraded the national scale long-term issue rating accorded to Stanbic IBTC Bank PLC’s Structured Note Programme (“SNP”) 2 Series 1 Senior Unsecured Notes to AAA(NG) from AA+(NG), with a Stable Outlook. Issue Rating class Rating scale Rating Outlook N30bn Series 1 Senior Unsecured Long Term Issue...

Lagos, 29 June 2022 – GCR Ratings (“GCR”) has upgraded the national scale long-term issuer rating assigned to Stanbic IBTC Bank PLC to AAA(NG) from AA+(NG) and affirmed the national scale short-term issuer rating at A1+(NG), with a Stable Outlook. Rated Entity Rating class Rating scale Rating Outlook Stanbic IBTC Bank PLC Long Term Issuer...

Lagos, 29 June 2022 – GCR Ratings (“GCR”) has affirmed the national scale long term and short term Issuer ratings of BBB-(NG) and A3(NG) respectively assigned to Coleman Technical Industries Limited, with the Outlook revised to Positive. Rated Entity / Issue Rating class Rating scale Rating Outlook Coleman Technical Industries Limited Long Term Issuer National...

Rating action Johannesburg, 29th June 2022 – GCR Ratings (“GCR”) has affirmed Credit Guarantee Insurance Corporation of Africa Limited’s (“CGIC”) national scale financial strength rating of AA(ZA); with the Outlook revised to Positive. Rated entity Rating class Rating scale Rating Outlook/Watch Credit Guarantee Insurance Corporation of Africa Limited Financial strength National AA(ZA) Positive Outlook Simultaneously,...

Rating Action Johannesburg, 29 June 2022 – GCR Ratings (“GCR”) has affirmed the national scale long term and short-term issuer ratings assigned to AECI Limited (“AECI” or the “group”) of A+(ZA) and A1(ZA) respectively, and revised the Outlook from Stable to Positive. Rated Entity Rating class Rating scale Rating Outlook / Watch AECI Limited Long...