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.


  • Carlyle acquires significant stake in GCR

    Carlyle acquires significant stake in GCR

    Global Credit Ratings (GCR) is pleased to confirm that the Carlyle Group (Carlyle) recently acquired a 49.9% stake in the GCR group.  We are very excited at this development, as this will be a massive boost to GCR’s international credentials as well as provide access to vast financial and technical resources.

    Carlyle is the pre-eminent Global Private Equity player, managing assets in the region of US$170 billion and who’s portfolio companies’ combined would rank it amongst the 10 most profitable corporations worldwide.

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  • GCR awarded Best Fund Rating Service in Africa

    GCR awarded Best Fund Rating Service in Africa

    Credit rating agency, Global Credit Ratings (GCR), has been named the Best Fund Rating Service at the inaugural 2016 African Global Funds (AGF) Africa Service Awards which recently took place in Cape Town. The AGF Africa Service Awards were created to generate public and industry recognition for excellence of fund service providers in Africa, and is the only international awards dedicated to celebrating excellence in African fund services.

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  • 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

    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 reviews the final, public ratings accorded to Global Equity Investments 1-10 Limited.

Johannesburg, 19 July 2017—Global Credit Ratings (“GCR”) has downgraded the final, public long-term international scale foreign currency credit rating accorded to the Primary Investment Vehicle (“...

19 Jul 2017 In Rating Notifications

GCR places Sanlam Life Insurance Limited’s rating ‘Under Review’

Johannesburg, 18 July 2017—Global Credit Ratings has today placed Sanlam Life Insurance Limited’s (formerly “Pan Africa Life Assurance Limited”) national scale financial strength rating of AA-(KE), ‘Under r...

18 Jul 2017 In Market Alerts

GCR upgrades FM Re Property & Casualty (Private) Limited’s rating to BBB+(ZW); Outlook Stable.

Johannesburg, 18 July 2017—Global Credit Ratings has today upgraded the national scale claims paying ability rating assigned to FM Re Property & Casualty (Private) Limited to BBB+(ZW) from BBB(ZW), with the out...

18 Jul 2017 In Rating Notifications

GCR affirms Liberty Life Assurance Kenya Limited’s rating at AA-(KE); Outlook Stable.

Johannesburg, 18 July 2017—Global Credit Ratings has today affirmed the national scale financial strength rating assigned to Liberty Life Assurance Kenya Limited of AA-(KE), with the outlook accorded as Stable. The...

18 Jul 2017 In Rating Notifications

South African Securitisation Programme (RF) Limited Series 1 – Rating ‘Under Review’

Johannesburg, 17 July 2017—Global Credit Ratings (“GCR”) has today placed the final, public long-term credit ratings accorded to the following securities issued by the South African Securitisation Progr...

17 Jul 2017 In Market Alerts

GCR affirms PSG Konsult Limited’s rating of A-(ZA); Outlook Stable.

Johannesburg, 17 July 2017—Global Credit Ratings has today affirmed the national scale issuer ratings assigned to PSG Konsult Limited of A-(ZA) and A1-(ZA) in the long term and short term respectively; with the out...

17 Jul 2017 In Rating Notifications

GCR affirms Zimnat Life Assurance Company Limited’s rating of A-(ZW); Outlook Stable.

Johannesburg, 14 July 2017—Global Credit Ratings has today affirmed the national scale financial strength rating assigned to Zimnat Life Assurance Company Limited of A-(ZW), with the outlook accorded as Stable. The...

14 Jul 2017 In Rating Notifications