Uganda – GCR

GCR affirms UAP Old Mutual Uganda’s national scale financial strength rating of A+_(UG), Outlook Stable.

Nov 2, 2021

Tagged in: Uganda

Rating action Nairobi, 2nd November 2021 – GCR Ratings (“GCR”) has affirmed UAP Old Mutual Uganda Insurance Limited’s (“UAP Old Mutual Uganda”) national scale financial…

Announcements Insurance Rating Alerts

GCR affirms Jubilee Uganda’s national scale rating of AAA_(UG) on expected resilience post medical business unbundling and acquisition by Allianz SE; Outlook Stable

Jul 19, 2021

Tagged in: Uganda

Rating action Johannesburg, 19th July 2021 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Uganda Limited’s (“Jubilee Uganda”) national scale financial strength…

Announcements Insurance Rating Alerts

GCR affirms MUA Insurance (Uganda) Limited’s national scale financial strength rating of A_(UG); Outlook Stable.

Jul 13, 2021

Tagged in: Uganda

Rating action Nairobi, 13th July 2021 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) national scale financial strength rating of A(UG),…

Announcements Corporate Rating Alerts

GCR places African Export-Import Bank’s international scale rating of A- on Positive Outlook

Jul 7, 2021

Rating Action Johannesburg, 7 July 2021 – 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 upgrades Uganda Reinsurance Company Limited’s national scale financial strength rating to A+_(UG) on improved capitalisation; Outlook Stable

Jun 30, 2021

Tagged in: Uganda

Rating action Johannesburg, 30 June 2021 – GCR Ratings (“GCR”) has upgraded Uganda Reinsurance Company Limited’s (“Uganda Re”) national scale financial strength rating to A+(UG),…

Announcements Insurance Rating Alerts

GCR affirms Goldstar Insurance Company Limited’s national scale financial strength rating of A+_(UG); Outlook Stable

Jun 24, 2021

Tagged in: Uganda

Rating action Nairobi, 24 June 2021 – GCR Ratings (“GCR”) has affirmed Goldstar Insurance Company Limited’s (“Goldstar”) national scale financial strength rating of A+(UG); Outlook…

Announcements Research

Low insurance penetration hamstrings East Africa’s short term insurance sector despite progressive regulatory initiatives

Mar 29, 2021

Tagged in: Kenya | Tanzania | Uganda

GCR Ratings has published the East Africa Short Term Insurance Bulletin, which discusses GCR’s 2020 short term insurance public credit ratings in Kenya, Tanzania and Uganda, and the 2021 outlook. The bulletin also presents graphic comparatives of financial performance of the sample of public ratings over the period 2015 to 2019.

Announcements Insurance Rating Alerts

GCR affirms UAP Old Mutual Insurance Uganda Limited’s national scale financial strength rating of A+_(UG), Outlook Stable

Nov 30, 2020

Tagged in: Uganda

Rating action Nairobi, 30 November 2020 – GCR Ratings (“GCR”) has affirmed UAP Old Mutual Insurance Uganda Limited’s (“UAP Old Mutual Uganda”) national scale financial…

Announcements Corporate Rating Alerts

GCR affirms East African Development Bank’s international scale issuer rating of BBB-, balancing operating environment stress with a robust financial profile

Nov 20, 2020

Tagged in: Egypt | Kenya | Rwanda | Tanzania | Uganda

Rating Action Johannesburg, 20 November 2020 – GCR Ratings (“GCR”) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB-…

Announcements Insurance Rating Alerts

GCR affirms MUA Uganda’s national scale financial strength rating of A_(UG); Outlook Stable

Aug 12, 2020

Tagged in: Uganda

Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) national scale financial strength rating of A(UG),…