South Africa

GCR removes the Rating Watch on Accelerate’s credit ratings, but leaves the long-term issuer rating of BBB-_(ZA) and the Secured Notes ratings of A-_(ZA)_(EL) on Negative Outlook

May 13, 2022

Johannesburg, 13 May 2022 – GCR Ratings (“GCR”) has affirmed Accelerate Property Fund Limited’s (“Accelerate”, “the REIT”) national scale long-term and short-term issuer ratings at…

Announcements Research

GCR Publishes Peer Comparatives for South Africa Short Term Insurance

May 11, 2022

Tagged in: South Africa

The Peer Comparatives for South Africa Short Term Insurance forms part of the Short Term Insurance Peer Comparatives series, containing key metric comparatives and summarised financial synopses of insurance entities that operate within select markets, and are publicly rated by GCR.

Announcements Indicative Rating Actions Rating Alerts Structured Finance & Securitisation

GCR Assigns Indicative Rating of AAA_(ZA)_(sf)_(IR) with a Stable Outlook to the Series 8 Notes to be Issued by MW Asset Rentals (RF) Ltd

May 11, 2022

Tagged in: South Africa

Johannesburg, 11 May 2022 – GCR Ratings (“GCR”) has assigned the following national scale long term issue indicative credit rating and outlook to the following…

Announcements Rating Alerts Structured Finance & Securitisation

GCR assigns indicative ratings under the South African Securitisation Programme (RF) Ltd – Series 1, Outlooks Stable

May 6, 2022

Tagged in: South Africa

Rating Action Johannesburg, 6 May 2022 – GCR Ratings (“GCR”) has assigned national scale long term issue indicative credit ratings and outlooks to the Class…

Announcements Insurance Medical Scheme Rating Alerts

GCR places Sizwe Medical Scheme’s national scale financial strength rating of A+_(ZA); on ‘Review Extension’

Apr 29, 2022

Tagged in: South Africa

Rating action Johannesburg, 29 April 2022 – GCR Ratings (“GCR”) has placed Sizwe Medical Scheme’s (“Sizwe”) national scale financial strength rating of A+(ZA) on ‘Review…

Announcements Rating Alerts Structured Finance & Securitisation

GCR affirms the ‘A1+(ZA)(sf)’ rating assigned to the Class A Notes issued by Vineyard Road Investments (RF) Ltd

Apr 29, 2022

Tagged in: South Africa

Rating Action Johannesburg, 29 April 2022 – GCR Ratings (“GCR”) has affirmed the national scale short-term programme credit rating of ‘A1+(ZA)(sf)’ assigned to the Class…

Announcements Financial Institutions Rating Alerts

GCR places Forty Two Point Two’s Issuer ratings on “Review Extension”

Apr 28, 2022

Tagged in: Mauritius | South Africa

Rating action Ebene, 28 April 2022 – GCR Ratings (“GCR”) has placed Forty Two Point Two’s Mauritian and South African national scale long and short-term…

Announcements Rating Alerts Structured Finance & Securitisation

GCR assigns national and international scale issue ratings to Notes issued by Nqaba Finance 1 (RF) Ltd. Outlooks Stable.

Apr 22, 2022

Tagged in: South Africa

Rating Action Johannesburg, 22 April 2022 – GCR Ratings (“GCR”) assigned the following national and international scale issue ratings to the Notes issued (“Transaction”)…

Announcements Corporate Public Sector Rating Alerts

GCR has accorded Ekurhuleni Water Care Company Initial Ratings of BBB_(ZA)/A3_(ZA) with a Stable Outlook

Apr 20, 2022

Tagged in: South Africa

Rating Action Johannesburg, 20 April 2022 – GCR Ratings (“GCR”) has accorded Ekurhuleni Water Care Company national scale long and short-term Issuer ratings of BBB(ZA)…

Announcements Corporate Public Sector Rating Alerts

City of Ekurhuleni assigned an initial South African National Scale Issuer Credit Ratings of BBB_(ZA)/B_(ZA) with a Stable Outlook balancing its weak performance in recent years against expectations of a strengthening financial profile.

Apr 20, 2022

Tagged in: South Africa

Rating Action Johannesburg, 20 April 2022 – GCR Ratings (“GCR”) has accorded the City of Ekurhuleni national scale long and short-term Issuer ratings of BBB(ZA)…