Namibia – GCR

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…

Announcements Research

Namibia’s insurance industry likely to remain resilient over the near term supported by strong sector dynamics in the face of persistent sluggish local economic performance compounded by COVID-19 pandemic risks

Apr 23, 2020

Tagged in: Namibia

Summary 23 April 2020 – GCR Ratings (“GCR”) has published an industry research piece on Namibia’s insurance sector performance in the face of a persistently…

Announcements Corporate Rating Alerts

GCR revises Oryx Properties Limited’s Rating to BBB_(NA) on Criteria Change. Outlook Stable

Apr 23, 2020

Tagged in: Namibia

Rating Action Johannesburg, 23 April 2020 – GCR Ratings (“GCR”) has revised the national scale long-term and short-term Issuer ratings assigned to Oryx Properties Limited…

Announcements Corporate Criteria Research

GCR releases the Namibian Property Sector Risk Score

Apr 21, 2020

Tagged in: Namibia

The Namibian Property sector risk score balances below average cyclicality and relatively sound returns against the adverse impact of structural and economic limitations National Government has been grappling with for a number of years.

Announcements Insurance Rating Alerts

GCR upgrades NamibRe’s national scale financial strength rating to AA-_(NA), on sustained improvement in earnings; Outlook Stable

Dec 18, 2019

Tagged in: Namibia

Rating Action Johannesburg, 18 December 2019 – GCR Ratings (“GCR”) upgraded Namibia National Reinsurance Corporation Limited’s (“NamibRe”) national scale financial strength (formerly claims paying ability)…

Announcements Financial Institutions Rating Alerts

GCR releases the Issuer Ratings on three Multilateral Development Banks under its new criteria

Dec 5, 2019

Rating Action Johannesburg, 5 December 2019 – GCR Ratings (“GCR”) has reviewed the Issuer credit ratings on three Regional Multilateral Development Banks under the new…

Announcements Financial Institutions Rating Alerts

GCR assigns an unsolicited A+_(ZA) South African Long-term National Scale Rating to First National Bank of Namibia Limited

Oct 16, 2019

Tagged in: Namibia | South Africa

Rating Action Johannesburg, 16th October 2019 – GCR Ratings (‘GCR’) has assigned an unsolicited South African national scale rating of A+(ZA) to First National Bank…

Announcements Financial Institutions Rating Alerts

GCR reviews the ratings of Bank Windhoek Limited and Capricorn Investment Group Limited under the new criteria

Oct 14, 2019

Tagged in: Namibia

Rating Action Johannesburg, 14 October 2019 – GCR Ratings (‘GCR’) has reviewed the ratings of Bank Windhoek Limited and Capricorn Investment Group limited (“the group”)…

Announcements Financial Institutions Rating Alerts

GCR affirms LT and ST Namibian National Scale ratings of AA+_(NA), A1+_(NA) on First National Bank of Namibia Limited

Oct 14, 2019

Tagged in: Namibia

Rating Action Johannesburg, 14 October 2019 – GCR Ratings (‘GCR’) has affirmed First National Bank of Namibia Limited’s unsolicited long and short-term Namibian national scale…