Kenya – GCR Ratings

GCR affirms national scale issuer ratings of Diamond Trust Bank Kenya Limited at A+_(KE)/A1_(KE) reflecting increased diversification and solid funding and liquidity structure.

November 30, 2023

Tagged in: Kenya

Rating action Nairobi, 30 November 2023 – GCR Ratings (“GCR”) has affirmed Diamond Trust Bank Kenya Limited’s long and short-term national scale issuer ratings to…

Announcements Insurance Rating Alerts

GCR affirms Zep Re’s national scale financial strength rating of AAA_(KE), Outlook Stable

November 8, 2023

Tagged in: Kenya

Rating action Nairobi, 8 November 2023 – GCR Ratings (GCR) has affirmed ZEP-RE’s (PTA Reinsurance Company), (Zep Re or the reinsurer) national scale financial strength…

Announcements Insurance Rating Alerts

GCR downgrades Occidental Insurance Company Limited’s national scale financial strength rating to CCC-_(KE) from BBB_(KE) on continued pressure on risk adjusted capitalisation; Outlook Negative

October 31, 2023

Tagged in: Kenya

Rating action Nairobi, 31 October 2023 – GCR Ratings (“GCR”) has downgraded Occidental Insurance Company Limited’s (“OIC Kenya”) national scale financial strength rating to CCC-(KE)…

Announcements Corporate Rating Alerts

GCR affirms Centum Investment Company Plc’s national scale long-term and short-term Issuer ratings of A+_(KE)/A1_(KE); Outlook Stable

October 31, 2023

Tagged in: Kenya

Rating action Johannesburg, 31 October 2023 – GCR Ratings (GCR) has affirmed Centum Investment Company Plc’s national scale long and short term Issuer ratings of…

Announcements Corporate Rating Alerts

GCR affirms Centum Real Estate Limited’s national scale long term issuer rating of BBB+_(KE), with the Outlook revised to Stable from Negative as cash performance improves

October 25, 2023

Tagged in: Kenya

Rating action Johannesburg, 25 October 2023 – GCR Ratings (GCR) has affirmed Centum Real Estate Limited’s (Centum RE or the company) national scale long and…

Announcements Insurance Rating Alerts

GCR places AIG Kenya Insurance Company Limited’s national scale financial strength rating of AAA_(KE) on Negative Watch following proposed acquisition by NCBA Group PLC.

October 3, 2023

Tagged in: Kenya

Rating action Nairobi, 3 October 2023 – GCR Ratings (GCR) has placed AIG Kenya Insurance Company Limited’s (AIG Kenya) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR affirms Liberty Life Assurance Kenya Limited national scale financial strength rating of AA_(KE); Outlook Stable

September 29, 2023

Tagged in: Kenya

Rating action Nairobi, 29 September 2023 – GCR Ratings (GCR) has affirmed Liberty Life Assurance Kenya Limited’s national scale financial strength rating of AA(KE), with…

Announcements Insurance Rating Alerts

GCR downgrades First Assurance Company Limited’s national scale financial strength rating to BBB _(KE) from BBB+_(KE) on continued pressure on risk adjusted capitalisation; Outlook Negative.

September 27, 2023

Tagged in: Kenya

Rating action Nairobi, 27 September 2023 – GCR Ratings (GCR) has downgraded First Assurance Company Limited’s (“First Assurance”) national scale financial strength rating from BBB+(KE)…

Announcements Financial Institutions Rating Alerts

GCR affirms the International Scale Issuer Credit Rating on Eastern and Southern African Trade and Development Bank’s of BBB+/A2. Outlook Stable.

September 21, 2023

Tagged in: Kenya

Rating action Johannesburg, 21st Sept 2023 – GCR Ratings (“GCR”) has affirmed the Eastern and Southern African Trade and Development Bank’s international scale long and…

Announcements Insurance Rating Alerts

GCR affirms The Heritage Insurance Company Kenya Limited’s national scale financial strength rating of AA+_(KE), Outlook Stable

September 20, 2023

Tagged in: Kenya

Rating action Johannesburg, 20 September 2023 – GCR Ratings (GCR) has affirmed The Heritage Insurance Company Kenya Limited’s (Heritage Kenya) national scale financial strength rating…