GCR’s mission statement, in respect of each individual country in which it establishes a presence, is to:
- Maintain the highest international rating standards with regards to independence, confidentiality and technical expertise.
- Provide an information service to investors which is unparalleled in terms of quality.
- Pro-actively facilitate the development of local capital markets.
African expansion philosophy
The key to the success of a local rating initiative revolves around the maintenance of absolute independence and the adherence to internationally accepted rating standards. In order to ensure the attainment of internationally accepted best practice ratings criteria right from the outset, GCR will always initially establish a “branch presence” in the country concerned.
In this regard, GCR will provide all the rating resources and expertise and it is important to stress the fact that all ratings will be exclusively managed by GCR, and only GCR’s personnel will have access to any information provided during the course of the ratings exercise. Strictest confidentiality is paramount.
However, whenever it establishes a presence in a new market, GCR’s policy is to enter into a strategic alliance with a local partner in order to ensure a firm grasp of each individual country’s unique local market practices right from the outset.