Rwanda – GCR

GCR upgrades the ratings of I&M Bank (Rwanda) Plc to A_(RW)/A1_(RW) as capital position improves and operating environment pressure eases, Stable Outlook

Aug 23, 2021

Tagged in: Rwanda

Rating Action Johannesburg, 23 August 2021 – GCR Ratings (‘GCR’) has upgraded I&M Bank (Rwanda) Plc’s national scale long and short-term issuer ratings to A(RW)/A1(RW),…

Announcements Insurance Rating Alerts

GCR downgrades Radiant’s national scale financial strength rating to BB+_(RW) from BBB_(RW) on sustained financial profile weakness; Outlook Negative

Aug 20, 2021

Tagged in: Rwanda

Rating action Johannesburg, 20 August 2021 – GCR Ratings (“GCR”) has downgraded Radiant Insurance Company Limited’s (“Radiant”) national scale financial strength rating to BB+(RW) from…

Announcements Financial Institutions Rating Alerts

GCR affirms Bank of Kigali Plc’s and BK Group Plc’s national scale issuer ratings of AA+_(RW) and AA_(RW), respectively; Outlooks Stable

Jul 14, 2021

Tagged in: Rwanda

Rating Action Johannesburg, 14 July 2021, GCR Ratings (‘GCR’) has affirmed the national scale long and short-term issuer ratings on Bank of Kigali Plc (‘Bank…

Announcements Rating Alerts Research

GCR lowers Rwandan Financial Institutions Sector Risk Score to ‘3.75’ from ‘4.00’

May 26, 2021

Tagged in: Rwanda

The Financial Institutions sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness. As a result, the operating environment analysis anchors the underlying risk score for the GCR rating methodology.

Announcements Corporate Rating Alerts

GCR affirms East African Development Bank’s international scale issuer rating of BBB-, balancing operating environment stress with a robust financial profile

Nov 20, 2020

Tagged in: Egypt | Kenya | Rwanda | Tanzania | Uganda

Rating Action Johannesburg, 20 November 2020 – GCR Ratings (“GCR”) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB-…

Announcements Financial Institutions Rating Alerts

GCR affirms Bank of Kigali Plc’s and BK Group Plc’s national scale issuer ratings of AA+_(RW) and AA_(RW), respectively; Outlooks Stable

Sep 23, 2020

Tagged in: Rwanda

Rating Action Johannesburg, 23 September 2020, GCR Ratings (‘GCR’) has affirmed the Rwandan long and short-term issuer ratings on Bank of Kigali Plc (‘Bank of…

Announcements Financial Institutions Rating Alerts

GCR affirms the A-_(RW)/A2_(RW) ratings of I&M Bank (Rwanda) PLC, Outlook Evolving, as expected capital injection offsets operating environment pressure

Aug 7, 2020

Tagged in: Rwanda

Rating Action Johannesburg, 07 August 2020 – GCR Ratings (‘GCR’) has affirmed I&M Bank (Rwanda) PLC’s national scale long and short-term issuer ratings at A-(RW)/A2(RW).…

Announcements Insurance Rating Alerts

GCR downgrades Radiant’s rating to BBB_(RW), on elevated financial profile impact from higher accident claims benchmark; Outlook Negative

Aug 4, 2020

Tagged in: Rwanda

Rating action Johannesburg, 04 August 2020 – GCR Ratings (“GCR”) has downgraded Radiant Insurance Company Limited’s (“Radiant”) national scale financial strength rating to BBB(RW) from…

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 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…