Tanzania – GCR Ratings

GCR upgrades Sanlam Life Insurance (Tanzania) Limited’s national scale financial strength rating to AAA_(TZ) from AA+_(TZ) on sustained financial profile strength; Outlook Stable

April 30, 2025

Rating action Nairobi, 30 April 2025 – GCR Ratings (GCR) has upgraded Sanlam Life Insurance (Tanzania) Limited’s (Sanlam Life Tanzania or the insurer) national scale…

Announcements Insurance Rating Alerts

GCR affirms Tanzania Reinsurance Company Limited national scale financial strength rating of AA-_(TZ); Outlook Positive

April 30, 2025

Tagged in: Tanzania

Rating action Nairobi, 30 April 2025 – GCR Ratings (GCR) has affirmed Tanzania Reinsurance Company Limited’s (Tan Re or the reinsurer) national scale financial strength…

Announcements Research

Special Report: GCR Risk Score Snapshot Q3 2024

November 29, 2024

Summary Johannesburg, 29 November 2024 – GCR Ratings (“GCR”) has published a Special Report which provides a snapshot of the GCR risk scores across GCR’s…

Announcements Insurance Rating Alerts

GCR upgrades Alliance Insurance Corporation Limited’s national scale financial strength rating to AA-(TZ) on strong market positioning, Outlook Stable.

October 30, 2024

Tagged in: Tanzania

Rating action Nairobi, 30 October 2024 – GCR Ratings (GCR) has upgraded the national scale financial strength rating assigned to Alliance Insurance Corporation Limited (Alliance,…

Announcements Insurance Rating Alerts

GCR affirms Reliance Insurance Company (Tanzania) Limited’s national scale financial strength rating of A(TZ), Outlook Stable

October 30, 2024

Tagged in: Tanzania

Rating action Nairobi, 30 October 2024 – GCR Ratings (GCR) has affirmed Reliance Insurance Company (Tanzania) Limited’s (Reliance or the insurer) national scale financial strength…

Announcements Insurance Rating Alerts

GCR affirms MUA Insurance Tanzania Limited’s national scale financial strength rating of AA+_(TZ), Outlook Stable.

October 25, 2024

Tagged in: Tanzania

Rating action Nairobi, 25 October 2024 – GCR Ratings (GCR) has affirmed MUA Insurance Tanzania Limited’s (MUA Tanzania or the insurer), formerly Phoenix of Tanzania…

Announcements Insurance Rating Alerts

GCR places Phoenix of Tanzania Assurance Company Limited’s national scale financial strength ratings of AA+(TZ), Outlook Stable on review extension.

September 20, 2024

Tagged in: Tanzania

Rating action Nairobi, 20 September 2024 – GCR Ratings (GCR) has placed Phoenix of Tanzania Assurance Company Limited’s (Phoenix Tanzania) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR places ICEA LION General Insurance Company (Tanzania) Limited national scale financial strength rating of BBB_(TZ) on Positive Outlook due to an improved financial profile.

August 30, 2024

Tagged in: Tanzania

Rating action Nairobi, 30 August 2024 – GCR Ratings (GCR) has affirmed ICEA LION General Insurance Company (Tanzania) Limited’s (ICEA LION General (Tanzania)) national scale…

Announcements Financial Institutions Rating Alerts

GCR affirms African Export-Import Bank’s international scale long and short-term issuer credit ratings of A / A2 with a Stable Outlook

July 31, 2024

Rating action Ebene, 31 July 2024 – GCR Ratings (GCR) has affirmed African Export-Import Bank’s international scale long and short-term issuer ratings of A and…

Announcements Financial Institutions Rating Alerts

GCR affirms East African Development Bank’s international scale issuer rating of BBB- with a Stable Outlook due to a strong financial profile despite deteriorating operating conditions.

July 31, 2024

Tagged in: Kenya | Rwanda | Tanzania | Uganda

Rating action Ebene, 31 July 2024 – GCR Ratings (GCR) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB-…