Kenya – GCR Ratings

Tagged in: Kenya

Rating Action Johannesburg, 02 February 2023 – GCR Ratings (“GCR”) has withdrawn the national scale long-term and short-term Issuer ratings of BBB(KE) and A3(KE),assigned to…

Announcements Corporate Rating Alerts

GCR has upgraded GardaWorld Kenya Limited and Kenya Kazi Limited’s long-term issuer ratings to BBB_(KE) from BB_(KE), due to very strong financial support from its parent

Jan 31, 2023

Tagged in: Kenya

Rating Action Nairobi, 31 January 2023 – GCR Ratings (“GCR”) has upgraded the national scale long-term and short-term Issuer ratings on Kenya Kazi Limited to…

Announcements Insurance

GCR places Jubilee Life Insurance Limited’s national scale financial strength rating on ‘Review Extension’

Jan 25, 2023

Tagged in: Kenya

Rating action Johannesburg, 25 January 2023 – GCR Ratings (“GCR”) has placed Jubilee Life Insurance Limited’s (“Jubilee Life Kenya”) national scale financial strength rating of…

Announcements Corporate Rating Alerts

GCR places Kenya Kazi Limited and GardaWorld Kenya Limited’s national scale Issuer ratings on “Review extension”

Dec 15, 2022

Tagged in: Kenya

Rating action Nairobi, 15 December 2022 – GCR Ratings (“GCR”) has placed Kenya Kazi Limited and GardaWorld Kenya Limited’s national scale long and short-term issuer…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws County Government of Makueni’s Long and Short-term national scale of BBB-_(KE)(WD)/A3_(KE)(WD) respectively without review

Dec 7, 2022

Tagged in: Kenya

Rating action Nairobi, 7 December 2022 – GCR Ratings (“GCR”) has withdrawn the ratings on County Government of Makueni’s long and short-term public national scale…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws County Government of Kisumu’s Long and Short-term national scale of BB_(KE)(WD)/B_(KE)(WD) respectively without review

Dec 7, 2022

Tagged in: Kenya

Rating action Nairobi, 7 December 2022 – GCR Ratings (“GCR”) has withdrawn the ratings on County Government of Kisumu’s long and short-term public national scale…

Announcements Corporate Public Sector Rating Alerts

GCR withdraws County Government of Bungoma’s Long and Short-term national scale of BBB-_(KE)(WD)/A3_(KE)(WD) respectively without review

Dec 7, 2022

Tagged in: Kenya

Rating action Nairobi, 7 December 2022 – GCR Ratings (“GCR”) has withdrawn the ratings on County Government of Bungoma’s long and short-term public national scale…

Announcements Insurance Rating Alerts

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

Nov 24, 2022

Tagged in: Kenya

Rating action Nairobi, 24 November 2022 – GCR Ratings (‘GCR’) has affirmed ZEP-RE’s (PTA Reinsurance Company), (‘Zep Re’ or ‘the ‘entity’) national scale financial strength…

Announcements Insurance Rating Alerts

GCR revises APA Insurance Limited’s national scale financial strength rating to AA-_(KE) from A_(KE) on criteria change, Outlook Stable.

Nov 24, 2022

Tagged in: Kenya

Rating Action Nairobi, 23rd November 2022 – GCR Ratings (“GCR”) has revised APA Insurance Limited’s (“APA”) national scale financial strength rating to AA-(KE) from A(KE),…

Announcements Financial Institutions Rating Alerts

GCR affirms national scale issuer ratings of Diamond Trust Bank Kenya Limited at A+_(KE)/A1_(KE) reflecting its strong capital and Tier 1 status in the Kenyan Banking sector.

Nov 21, 2022

Tagged in: Kenya

Rating Action Nairobi, 21 November 2022 – GCR Ratings (“GCR”) has affirmed Diamond Trust Bank Kenya Limited’s long and short-term national scale issuer ratings of…