Tanzania – GCR

GCR affirms ICEA LION Tanzania’s national scale financial strength rating of BB+_(TZ); Outlook Stable

Aug 12, 2020

Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed ICEA LION General Insurance Company (Tanzania) Limited’s (“ICEA LION Tanzania”) national scale financial…

Announcements Financial Institutions Rating Alerts

GCR affirms African Export-Import Bank’s international scale rating of A-, balancing operating environment stress with strong mandate and robust financial profile

Jul 31, 2020

Rating Action Johannesburg, 31 July 2020 – GCR Ratings (‘GCR’) has affirmed African Export-Import Bank’s international scale long term and short term issuer ratings of…

Announcements Insurance Rating Alerts

GCR affirms The Jubilee Insurance Company of Tanzania Limited’s national scale financial strength rating of A_(TZ); Outlook Stable

Jul 8, 2020

Tagged in: Tanzania

Rating action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Tanzania Limited’s (“Jubilee Tanzania”) national scale financial strength…

Announcements Criteria Research

GCR Lowers Insurance Sector Risk Scores for Kenya, Mauritius, South Africa, Tanzania and Zimbabwe

Jun 4, 2020

Tagged in: Kenya | Mauritius | South Africa | Tanzania | Zimbabwe

GCR combines elements of the country risk and sectoral risk analysis, blended across countries for entities operating across multiple jurisdictions, to anchor an insurer to its current operating conditions.

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 downgrades BancABC Tanzania’s national scale rating to CCC+_(TZ); Outlook Stable.

Dec 19, 2019

Tagged in: Botswana | Tanzania

Rating Action Johannesburg, 19 December 2019 – GCR Ratings (‘GCR’) has downgraded African Banking Corporation (Tanzania) Limited’s (“BancABC Tanzania”, “the bank”) long and short term…

Announcements Insurance Rating Alerts

GCR affirms Sanlam Life Insurance (Tanzania) Limited’s national scale financial strength rating of AA-_(TZ); Outlook Stable

Dec 11, 2019

Tagged in: Tanzania

Rating Action Johannesburg, 11 December 2019 – GCR Ratings (“GCR”) has affirmed Sanlam Life Insurance (Tanzania) Limited’s (“Sanlam Life Tanzania”) national scale financial strength rating…

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…

Announcements Insurance Rating Alerts

GCR affirms Phoenix of Tanzania Assurance Company Limited’s national scale financial strength rating of AA-_(TZ); Outlook Stable

Dec 4, 2019

Tagged in: Tanzania

Rating Action Johannesburg, 4 December 2019 – GCR Ratings (“GCR”) has affirmed Phoenix of Tanzania Assurance Company Limited’s (“Phoenix Tanzania”) national scale financial strength (formerly…

Announcements Insurance Rating Alerts

GCR affirms Tanzania Reinsurance Company Limited’s national scale financial strength rating of A_(TZ), international scale rating revised to B- as a result of criteria change.

Dec 3, 2019

Tagged in: Tanzania

Rating Action Johannesburg, 3 December 2019 – GCR Ratings (“GCR”) has affirmed Tanzania Reinsurance Company Limited’s (“Tan Re”) national scale financial strength (formerly claims paying…