Namibia – GCR

GCR affirms NamibRe’s international and national scale financial strength ratings of B+ and AA-_(NA); Outlooks Stable

Nov 16, 2020

Tagged in: Namibia

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).…

Announcements Financial Institutions Rating Alerts

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

Oct 30, 2020

Tagged in: Namibia

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…

Announcements Financial Institutions Rating Alerts

GCR places Trustco Group Holdings Limited’s Issuer ratings on “Review Extension”

Sep 30, 2020

Tagged in: Namibia

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…

Announcements Financial Institutions Rating Alerts

GCR affirms FNB Namibia’s issuer national scale ratings on the back of good credit fundamentals; Outlook Stable

Sep 30, 2020

Tagged in: Namibia | South Africa

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…

Announcements Financial Institutions Rating Alerts

GCR affirms Bank Windhoek’s and Capricorn’s Namibian scale issuer ratings; Outlooks Stable

Sep 29, 2020

Tagged in: Namibia | South Africa

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).…

Announcements Financial Institutions Rating Alerts

GCR assigns Letshego Bank Namibia Limited national scale issuer ratings of A_(NA)/A1_(NA); Outlook Stable

Sep 16, 2020

Tagged in: Namibia

Rating Action Johannesburg, 16 September 2020 – GCR Ratings (“GCR”) has assigned Letshego Bank Namibia Limited national scale long term and short term issuer ratings…

Announcements Research

GCR expects Namibian banks to rely on solid capital and oligopolistic market characteristics to weather the COVID-19 storm

Aug 17, 2020

Tagged in: Namibia

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.

Announcements Research

GCR lowers the Namibian Financial Institutions’ Sector Risk Score to ‘6.0’, from ‘6.5’

Aug 17, 2020

Tagged in: Namibia

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…

Announcements Financial Institutions Rating Alerts

GCR affirms African Export-Import Bank’s international scale rating of A-, balancing operating environment stress with strong mandate and robust financial profile

Jul 31, 2020

Rating Action Johannesburg, 31 July 2020 – GCR Ratings (‘GCR’) has affirmed African Export-Import Bank’s international scale long term and short term issuer ratings of…

Announcements Criteria Research

GCR Lowers 16 Country Risk Scores as Global Challenges Mount

May 27, 2020

Country Risk Score Action GCR has lowered the public country risk scores on 16 countries to reflect the unprecedented ongoing direct and indirect impact of…