Benin – GCR Ratings

Tagged in: Benin

Rating action Johannesburg, 22 September 2023– GCR Ratings (GCR) has placed L’Africaine des Assurances du Benin’s (AA Benin) national scale financial strength rating of BB-(BJ)…

Announcements Insurance Rating Alerts

GCR downgrades AA Benin’s national scale financial strength rating to BB-_(BJ), from BBB-_(BJ), due to persistent financial profile weakness; rating placed on Negative Watch

March 31, 2023

Tagged in: Benin

Rating Action Johannesburg, 31st March 2023 – GCR Ratings (“GCR”) has downgraded L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial strength rating to…

Announcements Insurance Rating Alerts

GCR extends the “Review Extension” on AA Benin’s national scale financial strength rating of BBB-_(BJ).

January 30, 2023

Tagged in: Benin

Rating action Johannesburg, 30th January 2023- GCR Ratings (“GCR”) has extended the ‘Review Extension’ on L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial…

Announcements Insurance Rating Alerts

GCR places AA Benin’s national scale financial strength rating of BBB-_(BJ) on “Review Extension”

December 19, 2022

Tagged in: Benin

Rating action Johannesburg, 19th December 2022- GCR Ratings (“GCR”) has placed L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial strength rating of BBB-(BJ)…

Announcements Insurance Rating Alerts

GCR downgrades AA Benin’s national scale financial strength rating to BBB-_(BJ), from A+_(BJ), due to significant financial profile erosion; Outlook Negative

December 17, 2021

Tagged in: Benin

Rating action Johannesburg, 17 December 2021 – GCR Ratings (“GCR”) has downgraded L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial strength rating to…

Announcements Research

GCR publishes its first regional risk score: the WAEMU score

August 5, 2021

Tagged in: Benin | Burkina Faso | Senegal

GCR Ratings has published the West African Economic Monetary Union (“WAEMU”) regional score. The Country Risk Scores of Benin, Burkina Faso, Cote d’Ivoire, Senegal and Togo were therefore reviewed.

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Announcements Insurance Rating Alerts

GCR upgrades AA Benin’s national scale financial strength rating to A+_(BJ), from A_(BJ), due to strengthened capitalisation, Outlook Stable

December 22, 2020

Tagged in: Benin

Rating action Johannesburg, 22 December 2020 – GCR Ratings (“GCR”) has upgraded L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial strength rating to…

Announcements Insurance Rating Alerts

GCR affirms AA Benin’s national scale financial strength rating on healthy financial profile, despite pressures from higher operating environment risks

September 30, 2020

Tagged in: Benin

Rating Action Johannesburg, 30 September 2020 – GCR Ratings (“GCR”) has affirmed L’Africaine des Assurances du Benin’s (“AA Benin”) national scale financial strength rating of…

Announcements Criteria

GCR maintains Insurance Sector Risk Scores for Benin, Burkina Faso, Cameroon and Cote d’Ivoire

July 15, 2020

Tagged in: Benin | Burkina Faso | Cameroon | Ivory Coast

The Insurance sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness.

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Announcements Insurance Rating Alerts

GCR affirms L’Africaine des Assurances Limited’s national scale rating of A_(BJ); Outlook revised to Stable.

December 17, 2019

Tagged in: Benin

Rating Action Johannesburg, 17 December 2019 – GCR Ratings (“GCR”) has affirmed L’Africaine des Assurances Limited’s (“AA Benin”) national scale financial strength (formerly claims paying…