GCR places three Kenyan County Government issuer ratings on “Review Extension”
Rating Action Nairobi, 29 April 2021 – GCR Ratings (“GCR”) has placed the National Scale long and short-term issuer ratings of the following County Governments…
Low insurance penetration hamstrings East Africa’s short term insurance sector despite progressive regulatory initiatives
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.
The Kenyan Banking Sector: Resilient in the Face of Increasing Challenges
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.
GCR places three Kenyan County Government issuer ratings on “Review Extension”
Rating Action Johannesburg, 10 March 2021 – GCR Ratings (“GCR”) has placed the National Scale long and short-term issuer ratings of the following County Governments…
GCR assigns the County Government of Laikipia a national scale long-term issuer rating of BB+(KE); Outlook Stable.
Nairobi, 23 February 2021 – GCR Ratings (“GCR”) has assigned the County Government of Laikipia (“Laikipia”) a national scale long-term issuer rating of BB+(KE), with…
GCR withdraws Tausi Assurance Company Limited’s national scale financial strength rating without review.
Nairobi, 5 February 2021 – GCR Ratings (“GCR”) has withdrawn Tausi Assurance Company Limited (“Tausi”) national scale financial strength rating of A(KE). The rating has…
GCR withdraws Fidelity Shield Insurance Company Limited’s national scale financial strength rating without review.
Rating action Nairobi, 27 January 2021 – GCR Ratings (“GCR”) has withdrawn Fidelity Shield Insurance Company Limited’s (“Fidelity Shield”) national scale financial strength rating of…
GCR suspends Tausi Assurance Company Limited’s national scale financial strength rating without review
Rating action Nairobi, 23 December 2020 – GCR Ratings (“GCR”) has suspended Tausi Assurance Company Limited’s (“Tausi”) national scale financial strength rating of A(KE) without…
GCR suspends Fidelity Shield’s national scale financial strength rating without review
Rating action Nairobi, 22 December 2020 – GCR Ratings (“GCR”) has suspended Fidelity Shield Insurance Company Limited’s (“Fidelity Shield”) national scale financial strength rating of…
GCR downgrades Kenya Kazi Limited’s issuer ratings to BB(KE)/ B(KE) on constrained liquidity
Rating action Nairobi, 22 December 2020 – GCR Ratings (“GCR”) has downgraded the national scale long term and short-term Issuer ratings on Kenya Kazi Limited…
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
Cost: Free
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.