Uganda – GCR

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

Mar 29, 2021

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 Financial Institutions 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),…

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

Jul 7, 2020

Tagged in: Uganda

Rating action Johannesburg, 07 July 2020 – GCR Ratings (“GCR”) has affirmed Goldstar Insurance Company Limited’s (“Goldstar”) national scale financial strength rating of A+(UG); Outlook…

Announcements Insurance Rating Alerts

GCR affirms The Jubilee Insurance Company of Uganda Limited’s national scale financial strength rating of AAA_(UG); Outlook Stable

Jul 7, 2020

Tagged in: Uganda

Johannesburg, 07 July 2020 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Uganda Limited’s (“Jubilee Uganda”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR affirms Uganda Reinsurance Company Limited’s national scale financial strength rating of A_(UG); maintains Positive Outlook

Jun 25, 2020

Tagged in: Uganda

Rating action Johannesburg, 25 June 2020 – GCR Ratings (“GCR”) has affirmed Uganda Reinsurance Company Limited’s (“Uganda Re”) national scale financial strength rating of A(UG)…

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 Insurance Rating Alerts

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

Dec 5, 2019

Tagged in: Uganda

Rating Action Johannesburg, 5 December 2019 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) (formerly Phoenix of Uganda Assurance Company Limited)…

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

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

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

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

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

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

GCR affirms The Jubilee Insurance Company of Uganda Limited’s national scale financial strength rating of AAA_(UG); Outlook Stable

GCR affirms Uganda Reinsurance Company Limited’s national scale financial strength rating of A_(UG); maintains Positive Outlook

GCR Lowers 16 Country Risk Scores as Global Challenges Mount

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

Global Credit Ratings: Corporate debt issuance in Nigeria to remain robust in 2021

East Africa Outlook