Tag: South Africa

South Africa related announcements

Announcements Research

GCR reviews the Country Risk Score and Sector Risk Scores for South Africa due to the recent Civil Unrest

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GCR Ratings has taken note of the recent geopolitical events from 7 July 2021 which sparked violent looting and riots in Kwa-Zulu Natal and Gauteng amongst others. Although these events were sudden and resulted in significant losses to property and lives, it is considered to have a limited impact on the broader credit risk profile of the country and our issue(r) credit ratings in South Africa at the moment

Announcements Financial Institutions Rating Alerts

GCR affirms Standard Bank of South Africa’s unsolicited national and international scale issuer credit ratings of AA+(ZA)/A1+(ZA) and BB respectively, on good franchise strength and sound liquidity. The international scale outlook was revised to Negative.

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Rating Action Johannesburg, 08 July 2021 – GCR Ratings (“GCR”) has affirmed Standard Bank of South Africa’s unsolicited national scale long and short-term issuer ratings…