South Africa – GCR Ratings

GCR affirms the ratings under the South African Securitisation Programme (RF) Ltd – Series 3. Outlooks Stable.

September 29, 2023

Rating action Johannesburg, 29 September 2023 – GCR Ratings (GCR) has affirmed the national scale long term issue credit ratings and outlooks of the notes…

Announcements Rating Alerts Structured Finance & Securitisation

Richefond Circle (RF) Limited – Credit ratings of all Classes of Notes affirmed. Outlooks stable.

September 29, 2023

Tagged in: South Africa

Rating action Johannesburg, 29 September 2023 – GCR Ratings (GCR) has affirmed the national scale long-term issue credit ratings of the various Classes of Notes…

Research

Industry Report – South African Funds Peer Comparison

September 29, 2023

Tagged in: South Africa

Summary Johannesburg, 29 September 2023 – GCR Ratings (GCR) has published a research report on South African funds that are rated by GCR. The report…

Announcements Insurance Medical Scheme Rating Alerts

GCR revises the Outlook on Medshield Medical scheme’s national scale financial strength rating of AA-_(ZA) to Positive from Stable

September 28, 2023

Tagged in: South Africa

Rating action Johannesburg, 28 September 2023 – GCR has affirmed Medshield Medical Scheme’s (Medshield) national scale financial strength rating of AA-(ZA), with the Outlook revised…

Announcements Corporate Rating Alerts

GCR places Industrial Development Corporation of South Africa’s unsolicited national scale long and short-term issuer ratings of AA+_(ZA)/A1+_(ZA) on ratings review extension

September 28, 2023

Tagged in: South Africa

Rating action Johannesburg, 28 September 2023 – GCR Ratings (“GCR”) has placed Industrial Development Corporation of South Africa’s unsolicited national scale long and short-term issuer…

Announcements Financial Institutions Rating Alerts

Bank of Windhoek and Capricorn Group National Scale Ratings Affirmed on Resilient Earnings and Solid Asset quality; Outlook Stable

September 27, 2023

Tagged in: Namibia | South Africa

Rating action Johannesburg, 27 September 2023 – 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 upgrades Evolution Credit Limited’s Servicer Quality Ratings, Outlook Stable.

September 20, 2023

Tagged in: South Africa

Rating action Johannesburg, 20 September 2023 – GCR Ratings (GCR) has upgraded Evolution Credit Limited’s national scale primary and special servicer ratings to SQ2(ZA) and…

Announcements Criteria Rating Alerts Research

GCR Ratings in South Africa appoints Yolanda Miya as Independent Non-Executive Director

September 12, 2023

Tagged in: South Africa

GCR Ratings in South Africa appoints Yolanda Miya as Independent Non-Executive Director GCR Ratings is very pleased to announce the appointment of Mrs Yolanda Miya…

Financial Institutions

GCR upgrades Investec Bank Limited’s national scale issuer ratings to AA+_(ZA)/A1+_(ZA) and affirms the international scale issuer ratings of BB/B. Outlooks Stable.

September 11, 2023

Tagged in: South Africa

Rating action Johannesburg, 11 September 2023 – GCR Ratings (GCR) has upgraded the national scale long and short-term issuer ratings of Investec Bank Limited to…

Announcements Corporate

GCR downgrades Accelerate’s national scale long-term issuer rating to BB+_(ZA) and Secured Notes ratings to BBB_(ZA)(EL). The Outlook on all ratings have been revised to Evolving, balancing the risks of operating performance weakness against initiatives to restore its leverage metrics and liquidity position.

September 8, 2023

Tagged in: South Africa

Rating action Johannesburg, 8 September 2023 – GCR Ratings (GCR) has downgraded Accelerate Property Fund Limited’s (Accelerate or the REIT) national scale long-term and short-term…