Home

...

Registered Account Required

Access to information contained herein will require a registered account.
  • Rating Announcements
  • Criteria Notification
  • Research Notification
  • Report Notification
    •

    Registered Account Required

    Access to information contained herein will require a registered account.

    • Credit Reports
    • Research Reports
    • Peer Comparatives
    • Monitoring Updates

    Click to Access

    Market Alerts

    Rating Announcements

    GCR assigns an issue rating of A+(KE) to Linzi FinCo Trust’s KSh3.0 billion Islamic Secured Residential Lease Based Security; Outlook Stable

    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...

    The following content requires an active registration and/or a ...
    Read More
    GCR upgrades Lewis Group Limited’s national scale issuer rating to AA-(ZA) from A+(ZA) on sustained robust earnings growth; Outlook Stable

    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...

    The following content requires an active registration and/or a ...
    Read More
    GCR assigns an indicative rating of A+(NG)(IR) to Food Concepts Plc’s Senior Unsecured (up to NGN8 billion) Bond; Outlook Stable

    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...

    The following content requires an active registration and/or a ...
    Read More
    GCR assigns Stanbic IBTC Capital Limited national scale long and short-term issuer ratings of AA+(NG)/A1+(NG); Outlook Stable.

    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...

    The following content requires an active registration and/or a ...
    Read More
    GCR upgrades Axxela Limited’s national scale long-term issuer rating to A+(NG), supported by improved financial profile; Outlook Stable.

    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)...

    The following content requires an active registration and/or a ...
    Read More
    Nigerian Debt Capital Markets: Macroeconomic stability supports growth

    7 July 2026, Lagos Nigeria – GCR Ratings (GCR) has published a report on “Nigerian Debt Capital Markets: Macroeconomic stability supports growth” The report is available for download at: https://gcrratings.com/credit-rating-reports/download-category/industry-reports/. Key highlights of the research are: Corporate debt issuances increased by 65.1% in 2025, following a 30.0% decline in the prior year. Commercial papers accounted...

    The following content requires an active registration and/or a ...
    Read More
    Nigeria’s interest rate environment: Implications for corporate entities and borrowing trends

    Lagos, 7 July 2026 – GCR Ratings (GCR) has published a research report on Nigeria’s interest rate environment: Implications for corporate entities and borrowing trends. The report is available for download at: https://gcrratings.com/credit-rating-reports/download-category/industry-reports/. Key highlights of the research are: The Central Bank of Nigeria has kept the monetary policy rate at 26.50% since February 2026...

    The following content requires an active registration and/or a ...
    Read More
    GCR upgrades Sterling Asset Management and Trustees Limited’s national scale long-term and short-term issuer rating to BBB+(NG)/A2(NG) from BBB(NG)/A3(NG); Outlook Stable.

    Lagos, 07 July 2026 – GCR Ratings (GCR) has upgraded Sterling Asset Management and Trustees Limited’s (SAMTL or the company) national scale long and short-term issuer ratings to BBB+(NG) and A2(NG) from BBB(NG) and A3(NG) respectively, with the Outlook maintained as Stable. Rated entity Rating class Rating scale Rating Outlook Sterling Asset Management and Trustees...

    The following content requires an active registration and/or a ...
    Read More
    GCR Commercial Property Sector Outlook raised to Positive as earnings and financial headroom rebound

    Johannesburg, 07 July 2026 – GCR Ratings (“GCR”) has published a report titled “GCR Commercial Property Sector Outlook raised to Positive as earnings and financial headroom rebound”. The report is available for download at: https://gcrratings.com/credit-rating-reports/download-category/industry-reports/. Overview South Africa’s commercial property sector has recovered materially from the twin shocks of the pandemic and the subsequent global...

    The following content requires an active registration and/or a ...
    Read More
    GCR reviews Nigeria and United States of America Insurance Sector Risk Score

    7 July 2026, Johannesburg – GCR Ratings (GCR) has reviewed insurance sector risks scores for the following markets to reflect current structural factors and market dynamics: Federal Republic of Nigeria, Insurance Sector Risk Score increased to 3.50 from 3.25. United States of America, Non-Life Insurance Sector Risk Score of 10.50 assigned. The insurance sector risk scores are available at...

    The following content requires an active registration and/or a ...
    Read More