Announcements Financial Institutions Rating Alerts

GCR affirms African Export-Import Bank’s international scale rating of A-, balancing operating environment stress with strong mandate and robust financial profile

Rating Action Johannesburg, 31 July 2020 – GCR Ratings (‘GCR’) has affirmed African Export-Import Bank’s international scale long term and short term issuer ratings of…
Announcements Criteria Research

GCR affirms the Ghanaian Financial Institutions’ Sector Risk Score of ‘2.5’ balancing on-going asset quality pressure and good profitability

The Ghanaian financial institutions sector risk score of ‘2.5’ is restrained by the unquantified ramifications of the on-going COVID-19 pandemic and lower commodity prices, which pose major risks to the banking industry’s operations and performance. Ghanaian banks face asset quality deterioration linked to high exposure to oil and gas sectors as a result of low but increasing oil prices.