GCR affirms Oryx Properties Limited’s Rating at BBB(NA). Outlook Stable
Rating Action Johannesburg, 23 April 2021 – GCR Ratings (“GCR”) has affirmed the national scale long-term and short-term Issuer ratings assigned to Oryx Properties Limited…
GCR assigns Letshego Micro Financial Services (Namibia) (Pty) Limited and Letshego Holdings (Namibia) Limited national scale issuer ratings; Outlook Stable
Rating Action Johannesburg, 01 April 2021 – GCR Ratings (“GCR”) has assigned Letshego Micro Financial Services (Namibia) (Pty) Limited national scale long-term and short-term issuer…
GCR affirms NamibRe’s international and national scale financial strength ratings of B+ and AA-(NA); Outlooks Stable
Rating action Johannesburg, 16 November 2020 – GCR Ratings (“GCR”) has affirmed Namibia National Reinsurance Corporation Limited’s (“NamibRe”) national scale financial strength rating of AA-(NA).…
GCR downgrades Trustco Group’s rating to SD(NA) on the back of interest and capital standstill. Subsequently, the rating was revised to CCC-(NA) following resolution of debt restructuring; Outlook Evolving
Rating Action Johannesburg, 30 October 2020 – GCR Ratings (“GCR”) has downgraded the Namibian long and short-term issuer ratings of Trustco Group Holdings Limited to…
GCR places Trustco Group Holdings Limited’s Issuer ratings on “Review Extension”
Rating action Johannesburg, 30 September 2020 – GCR Ratings (“GCR”) has placed Trustco Group Holdings Limited’s national scale long-term and short-term Issuer ratings of B+(NA) and…
GCR affirms FNB Namibia’s issuer national scale ratings on the back of good credit fundamentals; Outlook Stable
Rating Action Johannesburg, 30 September 2020 – GCR Ratings (“GCR”) has affirmed the unsolicited Namibian long and short-term national scale issuer ratings of First National…
GCR affirms Bank Windhoek’s and Capricorn’s Namibian scale issuer ratings; Outlooks Stable
Rating Action Johannesburg, 29 September 2020 – GCR Ratings (“GCR”) has affirmed the Namibian long and short-term issuer ratings of Bank Windhoek Limited at AA(NA)/A1+(NA).…
GCR assigns Letshego Bank Namibia Limited national scale issuer ratings of A(NA)/A1(NA); Outlook Stable
Rating Action Johannesburg, 16 September 2020 – GCR Ratings (“GCR”) has assigned Letshego Bank Namibia Limited national scale long term and short term issuer ratings…
GCR expects Namibian banks to rely on solid capital and oligopolistic market characteristics to weather the COVID-19 storm
The strong capitalisation and oligopolistic characteristics of the Namibian banking sector is expected to enable them to cope with rising asset risk, at least over the short to medium term.
GCR lowers the Namibian Financial Institutions’ Sector Risk Score to ‘6.0’, from ‘6.5’
GCR lowers the Namibian Financial Institutions’ Sector Risk Score to ‘6.0’, from ‘6.5’ Summary Johannesburg, 17 August 2020 – GCR Ratings (“GCR”) has lowered the…