Nigeria – GCR Ratings

GCR assigns indicative rating of AAA_(NG)_(IR) to Industrial Platform Remo Zone Plc’s NGN70 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds on the credit strengths of InfraCredit; Outlook Stable

November 29, 2024

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Lagos, 29 November 2024 – GCR Ratings (GCR) has assigned a national scale long-term indicative issue rating of AAA(NG)(IR) to Industrial Platform Remo Zone Plc’s…

Announcements Insurance Rating Alerts

GCR affirms Sovereign Trust Insurance Plc’s national scale financial strength rating of A_(NG); Outlook revised to Stable from Positive

November 29, 2024

Tagged in: Nigeria

Lagos, 29 November 2024- GCR Ratings (GCR) has affirmed Sovereign Trust Insurance Plc (STI or the insurer) national scale financial strength rating of A(NG); with…

Announcements Research

Special Report: GCR Risk Score Snapshot Q3 2024

November 29, 2024

Summary Johannesburg, 29 November 2024 – GCR Ratings (“GCR”) has published a Special Report which provides a snapshot of the GCR risk scores across GCR’s…

Announcements Financial Institutions Rating Alerts

GCR downgrades Ecobank Nigeria Limited’s national scale long and short-term issuer ratings to BB_(NG)/B_(NG); Outlook Negative.

November 29, 2024

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Lagos, 29 November 2024 – GCR Ratings (GCR) has downgraded Ecobank Nigeria Limited’s national scale long and short-term issuer ratings to BB(NG) and B(NG) from…

Announcements Corporate Rating Alerts

GCR affirms Johnvents Industries Limited’s national scale ratings of BBB+_(NG)/A2_(NG); Outlook Stable.

November 28, 2024

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Lagos, 28 November 2024 – GCR Ratings (GCR) has affirmed Johnvents Industries Limited’s national scale long-term and short-term issuer ratings of BBB+(NG)/A2(NG), respectively, with the…

Announcements Financial Institutions Rating Alerts

GCR affirms Fidelity Banks Plc’s national scale issuer ratings of A_(NG)/A1_(NG); Outlook Stable.

November 28, 2024

Tagged in: Nigeria

Lagos, 28 November 2024 – GCR Ratings (GCR) has affirmed Fidelity Bank Plc’s national scale long and short-term Issuer ratings of A(NG) and A1(NG) respectively,…

Announcements Insurance Rating Alerts

GCR affirms Tangerine General Insurance Limited’s financial strength rating of A-_(NG); Outlook Stable.

November 27, 2024

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Lagos, 27 November 2024 – GCR Ratings (GCR) has affirmed Tangerine General Insurance Limited’s national scale financial strength rating of A-(NG), with a Stable Outlook.…

Announcements Rating Alerts Structured Finance & Securitisation

GCR assigns an indicative issue rating of AAA_(NG)(sf)(IR) to NGN30.0Bn Series 1 Bonds to be issued by DLM Funding SPV Plc; Outlook Stable

November 27, 2024

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Rating Action Johannesburg, 27 November 2024 – GCR Ratings (GCR) has assigned an indicative national scale long-term issue rating of AAA(NG)(sf)(IR) to the Series 1…

Announcements Insurance Rating Alerts

GCR affirms AIICO Insurance Plc’s national and international scale financial strength ratings of AA_(NG) and B- respectively; Stable Outlooks.

November 27, 2024

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Lagos, 27 November 2024 – GCR Ratings (GCR) has affirmed AIICO Insurance Plc’s (AIICO Insurance or the insurer) national and international scale financial strength rating…

Announcements Corporate Public Sector Rating Alerts

GCR affirms Ogun State Government of Nigeria’s national scale long-term issuer rating of BBB+_(NG), Outlook Stable.

November 26, 2024

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Lagos, 26 November 2024 – GCR Ratings (GCR) has affirmed Ogun State Government of Nigeria’s national scale long-term and short-term issuer ratings of BBB+(NG) and…