GCR places Nouvelle Compagnie Africaine de Réassurances’ financial strength ratings on “Review Extension”
GCR revises the outlook on NCA Re’s international scale financial strength rating to Stable after lowering the operating environment assessment.
GCR affirms African Export-Import Bank’s international scale rating of A-, balancing operating environment stress with strong mandate and robust financial profile

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

GCR Lowers 16 Country Risk Scores as Global Challenges Mount
GCR Withdraws SIFCA Group’s Issuer Ratings
GCR revises NCA Re’s financial strength ratings to BB(CI) and CCC+ on Criteria Change; Outlook Negative.
GCR affirms The SIFCA Group’s rating of A(CI); Outlook Stable
Johannesburg, 30 January 2019 — Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to The SIFCA Group of A(CI) and A1(CI) in the long and short term respectively; with the outlook accorded as Stable. The Issuer ratings expire on 30 November 2019. SUMMARY RATING RATIONALE Global Credit Ratings (“GCR”) has accorded […]
GCR extends The SIFCA Group’s national scale Issuer ratings expiry
Johannesburg, 20 December 2018 — Global Credit Ratings has today extended the ‘Under Review’ period for The SIFCA Group’s (“SIFCA”) national scale Issuer ratings. The ‘Under Review’ process allows for a time extension of the ratings review. GCR expects to publicly release the updated rating results by 31 January 2019. The existing ratings continue to […]