Nigeria – GCR Ratings

GCR affirms Enterprise Insurance LTD’s national scale financial strength rating of AAA_(GH); Outlook Stable

July 7, 2025

Tagged in: Nigeria

Lagos, 07 July 2025 – GCR Ratings (GCR) has affirmed Enterprise Insurance LTD’s (Enterprise Insurance or the insurer) national scale financial strength rating of AAA(GH),…

Announcements Corporate Rating Alerts

GCR suspends issuer ratings of Aarti Steel Nigeria Limited

July 4, 2025

Tagged in: Nigeria

Lagos, 04 July 2025 – GCR Ratings (GCR) has suspended the national scale long-term and short-term Issuer ratings of CCC-(NG) and C(NG) respectively accorded to…

Announcements Corporate Rating Alerts Research

Rising disease burden and implications for Nigerian pharmaceutical players

July 1, 2025

Tagged in: Nigeria

Summary Lagos, 1 July 2025 – GCR Ratings (GCR) has published a research piece on Rising disease burden and implications for Nigerian pharmaceutical players. The…

Announcements Corporate Rating Alerts Research

GCR updates the Nigerian Corporate Sector Risk Scores

June 30, 2025

Tagged in: Nigeria

Summary Lagos, 30 June 2025 – GCR Ratings (GCR) has updated its Nigerian Corporate Sector Risk Scores. The updated Nigerian Corporate Sector Risk Scores publication…

Announcements Corporate Rating Alerts

GCR downgrades Mecure Industries Plc’s Issuer rating to BBB_(NG) from BBB+_(NG), Outlook Negative.

June 30, 2025

Tagged in: Nigeria

Lagos, 30 June 2025 – GCR Ratings (GCR) has downgraded Mecure Industries Plc’s national scale long-term and short-term issuer ratings to BBB(NG) and A3(NG) from…

Announcements Financial Institutions Rating Alerts

GCR places Nova Commercial Bank Limited’s national scale long and short term issuer ratings of BBB_(NG)/A3_(NG) on Review Extension

June 30, 2025

Tagged in: Nigeria

Lagos, 30 June 2025 – GCR Ratings (GCR) has placed Nova Commercial Bank Limited’s national scale long and short-term issuer ratings of BBB(NG) and A3(NG)…

Announcements Insurance Rating Alerts

GCR places Mainstream Reinsurance Company Limited’s financial strength ratings on Review Extension

June 30, 2025

Tagged in: Nigeria

Lagos, 30 June 2025 – GCR Ratings (GCR) has placed Mainstream Reinsurance Company Limited’s international and national scale financial strength ratings of CCC+ and AA(GH)…

Announcements Corporate Rating Alerts

GCR upgrades Ardova Plc’s long-term rating to BB_(NG) on earnings recovery and lower debt level, with the Outlook revised to Positive.

June 30, 2025

Tagged in: Nigeria

Lagos, 30 June 2025 – GCR Ratings (GCR) has upgraded the national scale long-term issuer rating of Ardova Plc’s (Ardova or the company) to BB(NG)…

Announcements Corporate Rating Alerts Research

Nigerian Debt Capital Markets: Monetary policy tightening constrains growth

June 30, 2025

Tagged in: Nigeria

Summary 30 June 2025, Lagos Nigeria – GCR Ratings (GCR) has published a report on “Nigerian Debt Capital Markets: Monetary policy tightening constrains growth” The…

Announcements Corporate Rating Alerts

GCR assigns an indicative rating of A_(NG)_(EL)_(IR) to Veritasi Homes & Properties Plc’s NGN10Bn Series 1 Senior Medium-Term Bonds

June 27, 2025

Tagged in: Nigeria

Lagos, 27 June 2025 – GCR Ratings (GCR) has assigned an indicative national scale long-term issue rating of A(NG)(EL)(IR)* to Veritasi Homes & Properties Plc’s…