Africa’s no.1 rating agency

Accounting for the majority of all ratings accorded on the African continent.

Welcome

GCR rates the full spectrum of security classes and accords both International Scale and National Scale ratings, and together with its international affiliates, rates almost 3000 organisations and debt issues - spanning 4 continents.

Our rating and research activities can be sub-divided into the following key sectors: 1) Financial Institutions: banks and non-bank financial institutions 2) Insurance: short term insurance, assurance, reinsurance & healthcare 3) Corporate and Public Sector Debt: corporates & industrial borrowers; MFI’s; parastatals, utilities & local authorities and 4) Structured Finance & Securitisation.


  • GCR recognised as an eligible ECAI by SARB

    GCR recognised as an eligible ECAI by SARB

    On 21 August 2015, GCR received approval from the South African Reserve Bank (“SARB”) to be recognised as an eligible External Credit Assessment Institution (“ECAI”) in terms of regulation 51 of the Regulations relating to Banks.

  • GCR’s application for registration approved by the FSB

    GCR’s application for registration approved by the FSB

    Global Credit Rating Co. (Pty) Ltd is pleased to advise our clients, investors and other interested parties that our application for registration as a credit rating agency by the Financial Services Board has been approved. Please refer to the following link to the Financial Services Board website for further details please click here

  • Benefits of a GCR Rating

    Benefits of a GCR Rating


    A favourable rating can immediately result in an increased pool of investors, can facilitate direct access to capital markets and can ultimately result in reduced funding costs. Furthermore, the extensive distribution of the detailed rating report can prove to be a highly effective complement to an organisation’s own investor relations activities.

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  • An overview of GCR’s subscription services

    An overview of GCR’s subscription services


    GCR’s overriding objective has always been to establish itself as the most credible and cost effective source of information in the marketplace and our exceptional market penetration reflects this subscriber emphasis. In view of the above, GCR established the largest subscriber base in the industry in less than 4 years.

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  • The history of GCR

    The history of GCR


    Global Credit Rating Co. (“GCR”) can trace its origins back to 1996 when it was established as the African Arm of the New York Stock Exchange-listed Duff & Phelps. Very rapid growth followed and within only a short period the group had established itself as the market leader, accounting for the majority of all ratings accorded on the African continent. GCR’s African regional headquarters are based in Johannesburg, with its main SADC, West, and East African regional offices established in Harare, Lagos and Nairobi respectively.

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  • An overview of GCR’s rating definitions

    An overview of GCR’s rating definitions


    GCR defines credit risk as the risk that an entity may not meet its contractual financial obligations as they come due. Credit ratings do not address other risks such as, but not limited to, fraud, organised crime, market liquidity, market value risk, or price volatility. Credit ratings are opinions and not statements of current or historical fact.

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Latest Headlines


GCR upgrades Baobab Reinsurance Company (Private) Limited’s rating to BBB-(ZW); Outlook Stable.

Johannesburg, 04 May 2016—Global Credit Ratings has today upgraded the national scale claims paying ability rating assigned to Baobab Reinsurance Company (Pvt) Limited to BBB-(ZW) from BB+(ZW); with the Outlook acc...

04 May 2016 In Rating Notifications

GCR accords an initial rating of BBB+(ZA) to Grindrod Bank Limited; Outlook Stable.

Johannesburg, 03 May 2016—Global Credit Ratings has today assigned national scale ratings to Grindrod Bank Limited of BBB+(ZA) and A2(ZA) in the long and short term respectively; with the outlook accorded as Stable...

03 May 2016 In Rating Notifications

GCR places Nampak Products Limited’s national scale ratings ‘Under Review’

Johannesburg, 1 May 2016—Global Credit Ratings has today placed Nampak Products Limited’s national scale ratings “Under Review” until 13 May 2016 and expects to release the reviewed ratings by this date. In t...

03 May 2016 In Market Alerts

Torque Securitisation (RF) Limited - New Ratings Accorded

Johannesburg, 29 April 2016—Global Credit Ratings (‘GCR’) has accorded final, public long term credit ratings to the following Notes issued by the Torque Securitisation (RF) Limited: R200.0m, Class A3,...

29 Apr 2016 In Rating Notifications

South African Securitisation Programme (RF) Limited Series 1 – New Ratings Accorded

Johannesburg, 29 April 2016—Global Credit Ratings (‘GCR’) has accorded final, public long term credit ratings to the following Series 1 Notes (“Series 1”) to be issued (the “New Notes&...

29 Apr 2016 In Rating Notifications

The Thekwini Fund 12 (RF) Limited – New Ratings Accorded

Johannesburg, 29 April 2016—Global Credit Ratings (‘GCR’) has accorded the following final, public long-term credit ratings to the following Notes issued by The Thekwini Fund 12 (RF) Ltd (‘the Iss...

29 Apr 2016 In Rating Notifications

The Thekwini Fund 11 (RF) Limited – New Ratings Accorded

Johannesburg, 29 April 2016—Global Credit Ratings (‘GCR’) has accorded the following final, public long-term credit ratings to the following Notes issued by The Thekwini Fund 11 (RF) Ltd (‘the Iss...

29 Apr 2016 In Rating Notifications