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Latest Credit Rating Reports

NICOZDiamond Insurance Limited (“NICOZDiamond”) is a 100% owned subsidiary of First Mutual Holdings Limited (“FMHL”), listed on the ZSE. NICOZDiamond emanated from the merger of previously state-owned NICOZ Insurance Company and Diamond Insurance (formerly Pearl), in 2002 and it also merged with Tristar insurance in 2019. The group mainly comprises the wholly owned Zimbabwean insurance operation, complemented by regional interests in Malawi and Mozambique. The ...

Le Fonds de Solidarité Africain (FSA) est une institution financière multilatérale de développement. Sa
mission est de contribuer au développement économique et au progrès social de ses États membres
africains, en facilitant, à travers ses techniques d’intervention, l’accès aux ressources financières
nécessaires à la réalisation des projets d’investissement et des autres activités génératrices de revenus. 23
Etats, sur les 54 pays que compte le continent africain, sont actuellement actionnaires ...

Summary

The dashboard covers the period from March 2022 to June 2024 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the dashboards at least on a quarterly basis.

Additional Information

The dashboard exhibits key performance metrics related to the Richefond Circle (RF) Limited, which include credit enhancement levels, excess spread and portfolio ageing ...

Summary

The Dashboard covers the period from December 2022 to June 2024 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the Dashboards at least on a quarterly basis.

Additional Information

The Dashboard exhibits key performance metrics related to the Agri Harvest Investments (RF) Limited transaction, which include credit enhancement levels, excess spread, defaults, ...

Activa Assurances Limited (Activa Cameroon or the insurer) started trading as a short-term insurer in 1998. The insurer covers the full spectrum of short-term insurance risks, including motor, fire, engineering, personal accident and health. The company is also a founder of the Globus Network, providing business and technical support to insurance companies across 50 countries mostly on the African continent. Activa Vie Cameroun (Activa Vie), ...

The credit ratings accorded to the Class A1 Notes relate to timely payment of interest and ultimate payment of principal by their Final Redemption Date. The ratings accorded to the Class B Notes relate to ultimate payment of interest and principal by their Final Redemption Date. The ratings exclude an assessment of the ability of the Issuer to pay either any (early repayment) penalties or ...

Callable capital is a crucial component in the Capital Adequacy Frameworks (CAFs) of Multilateral Development Banks (MDBs). It acts as a financial safety net, enhancing creditworthiness and providing leverage capacity. Callable capital refers to the portion of a MDB’s subscribed capital that can be called upon from member countries if required to meet financial obligations. It is not paid in but serves as a commitment ...

La Société Nationale des Télécommunications du Sénégal SA (SONATEL) est une société de télécommunications créée le 23 juillet 1985, qui propose à sa clientèle des offres exhaustives pour ses services prépayés et post-payés pour la voix et la donnée mobile, ainsi que des services Internet tant pour les particuliers que pour les entreprises. Le Groupe répond à la volonté de l’Etat de voir la population ...

Latest Credit Rating Annoucements

Lagos, 10 July 2024 – GCR Ratings (GCR) has upgraded Fidelity Bank Ghana LTD’s national scale long-term issuer rating to BBB(GH) from BBB-(GH) and affirmed the short-term issuer rating of A3(GH); with a Stable Outlook. Rated entity Rating class Rating scale Rating Outlook Fidelity Bank Ghana LTD Long Term Issuer National BBB(GH) Stable Outlook Short...

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Rating action Nairobi, 8 July 2024 – GCR Ratings (GCR) has affirmed GA Insurance Limited’s (GA Kenya or the company) national scale financial strength rating of AA-(KE), with the Outlook revised to Positive from Stable. Rated entity Rating class Rating scale Rating Outlook/Watch GA Insurance Limited Financial strength National AA-(KE) Positive Outlook Rating rationale GA...

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Mauritius, July 8th, 2024 – Global Credit Rating Company Limited (GCR) is pleased to announce that Moody’s Corporation (NYSE: MCO) has increased its stake in GCR to 100%, following a 51% acquisition in 2022. GCR is a leading credit rating agency in Africa with a broad geographic footprint that includes South Africa, Nigeria, Senegal, Kenya,...

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Action de notation Dakar, le 08 Juillet 2024 – GCR ratings (GCR) a réhaussé la note d’émetteur de long terme du Fonds de Solidarité Africain de AA+(WU) à AAA(WU) sur son échelle régionale. En outre, la note d’émetteur de court terme attribuée est de A1+(WU). La perspective est stable. Emetteur Type de notation Echelle Notation...

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Lagos, 08 July 2024 – GCR Ratings (GCR) has affirmed Sterling Asset Management and Trustees Limited’s national scale long and short-term ratings of BBB (NG) and A3(NG) respectively, with a stable outlook. Rated Entity Rating class Rating scale Rating Outlook Sterling Asset Management and Trustees Limited Long Term Issuer National BBB(NG) Stable Short Term Issuer...

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