Kenya

GCR upgrades ICEA LION General’s national scale financial strength rating to AAA_(KE) from AA-_(KE) following credit uplift from the consolidation of ICEA LION Insurance Holdings Limited group; Outlook Stable

Jun 30, 2022

Tagged in: Kenya

Rating action Johannesburg, 30th June 2022 – GCR Ratings (“GCR”) has upgraded ICEA LION General Insurance Company Limited’s (“ICEA LION General”) national scale financial strength…

Announcements Insurance Rating Alerts

GCR upgrades ICEA LION Life’s Kenyan financial strength rating to AAA_(KE) from AA_(KE) following credit uplift from the consolidation of ICEA LION Insurance Holdings Limited group; Outlook Stable

Jun 30, 2022

Tagged in: Kenya

Rating action Johannesburg, 30th June 2022 – GCR Ratings (“GCR”) has upgraded ICEA LION Life Assurance Company Limited’s (“ICEA LION Life”) national scale financial strength…

Announcements Insurance Rating Alerts

GCR affirms East Africa Reinsurance Company Limited’s international and national scale financial strength ratings of B and AA-_(KE) respectively; Outlooks Stable

Jun 30, 2022

Tagged in: Kenya

Rating action Nairobi, 30th June 2022 – GCR Ratings (“GCR”) has affirmed East Africa Reinsurance Company Limited’s (“EA Re”) international scale financial strength rating of…

Announcements Corporate Rating Alerts

GCR affirms RA International’s national scale ratings at AAA_(KE)/ A1+_(KE) despite some financial weakness

Jun 30, 2022

Tagged in: Kenya

Rating Action Johannesburg, 30 June 2022 – GCR Ratings (“GCR”) has affirmed RA International FZCO (UAE)’s national scale Issuer ratings at AAA(KE) and A1+(KE) for…

Announcements Financial Institutions Rating Alerts

GCR affirms Shelter Afrique’s international scale long and short-term issuer credit ratings of B-/ B, supported by strong capitalisation, improving funding diversification and modest liquidity risks. Outlook Stable.

Jun 30, 2022

Tagged in: Kenya | Mauritius | Nigeria

Rating Action Johannesburg, 30 June 2022 – GCR Ratings (“GCR”) has affirmed The Company for Habitat and Housing in Africa’s (‘Shelter Afrique’) international scale long…

Announcements Corporate Public Sector Rating Alerts

GCR Places Laikipia County Government Issuer Rating on “Evolving Outlook”

Jun 27, 2022

Tagged in: Kenya

Rating Action Nairobi, 27 June 2022 – GCR Ratings (“GCR”) has revised its Outlook for Laikipia County Government to ‘Evolving’ from ‘Stable’. The national scale…

Announcements Corporate Public Sector Rating Alerts

GCR Places Bungoma County Government Issuer Ratings on “Evolving Outlook”

Jun 25, 2022

Tagged in: Kenya

Rating Action Nairobi, 24 June 2022 – GCR Ratings (“GCR”) has revised its Outlook for Bungoma County Government to ‘Evolving’ from ‘Stable’. The Long and…

Announcements Corporate Public Sector Rating Alerts

GCR Places Kisumu County Government Issuer Ratings on “Evolving Outlook”

Jun 25, 2022

Tagged in: Kenya

Rating Action Nairobi, 24 June 2022 – GCR Ratings (“GCR”) has revised its Outlook for Kisumu County Government to ‘Evolving’ from ‘Stable’. The Long and…

Announcements Market Notifications Research

GCR Publishes Peer Comparatives for Kenya Short Term Insurance

Jun 24, 2022

Tagged in: Kenya

Summary 24 June 2022 – GCR Ratings (“GCR”) has published the Peer Comparatives for Kenya Short Term Insurance. The report forms part of the Short…

Announcements Insurance Rating Alerts

GCR affirms CIC Life’s Kenyan national scale financial strength rating of BBB_(KE); Outlook revised to Stable from Negative on improvements in the group’s credit profile

Jun 17, 2022

Tagged in: Kenya

Rating action Johannesburg, 17th June 2022 – GCR Ratings (“GCR”) has affirmed CIC Life Assurance Limited’s (“CIC Life”) national scale financial strength rating of BBB(KE),…