GCR Ratings has published the East Africa Short Term Insurance Bulletin, which discusses GCR’s 2020 short term insurance public credit ratings in Kenya, Tanzania and Uganda, and the 2021 outlook. The bulletin also presents graphic comparatives of financial performance of the sample of public ratings over the period 2015 to 2019.
Going into the COVID-19 pandemic, the Kenyan banking sector was already experiencing challenges from deteriorating asset quality and moderating growth. While the interest rate cap was blamed for the reduction in the lending slowdown, we believe that the asset quality issues, delayed payments by government (pending bills) and a slowdown in the real economy (i.e. the non-fiscal driven economy) were also key contributors.
Live Webinar and Q&A:
The South African Corporate Sector: Are things as bad as people say? Are they as good as the JSE suggests? And what about COVID-19?
Date: Wednesday 12th May 2021
Time: 1000 SAST
Duration: 1hr 30mins
Our Sector Head for Corporate and Public Sector ratings, Eyal Shevel, and Senior Corporate and Public Sector Analyst, Sheri Morgan will be discussing their opinions on a number of sectors in the corporate environment, including mining, manufacturing, construction, retail, hospitality and healthcare.
There will be a forum for questions; please feel free to submit them in advance to media@GCRratings.com or ask via the chat forum on the day.