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
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
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.
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.
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.
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.
Johannesburg, 24 May 2016—Global Credit Ratings (‘GCR’) has accorded a final, public short term credit rating of ‘A1+(ZA)(sf)’ to the Asset Backed Commercial Paper (‘CP’ or the &...
24 May 2016 In Rating Notifications
GCR upgrades MBD Credit Solutions Holdings (Proprietary) Limited’s servicer quality* ratings; Stable
Johannesburg, 23 May 2016—Global Credit Ratings has upgraded the primary and special servicer ratings assigned to MBD Credit Solutions Holdings (Proprietary) Limited to SQ1-(ZA) and SQ1(ZA) respectively; with the outlo...
23 May 2016 In Rating Notifications
Johannesburg, 20 May 2016: Global Credit Ratings (‘GCR’) has accorded a final, public long term ‘A-(ZA)’ rating with a ‘Stable’ outlook to the following Senior Unsecured Floating Rate ...
20 May 2016 In Rating Notifications
Johannesburg, 18 May 2016—Global Credit Ratings has published an overview of Kenya’s operating environment. The purpose of this publication is to highlight trends in Kenya’s macroeconomic and financial sector s...
18 May 2016 In GCR Communications
Johannesburg, 18 May 2016—Global Credit Ratings has today affirmed the national scale ratings assigned to KenolKobil Limited of A(KE) and A1(KE) in the long term and short term respectively; with the outlook accord...
18 May 2016 In Rating Notifications
Johannesburg, 16 May 2016—Global Credit Ratings has today affirmed the national scale ratings assigned to Nampak Products Limited of A(ZA) and A1(ZA) in the long term and short term respectively; with the...
17 May 2016 In Rating Notifications
16 May 2016—Global Credit Ratings (“GCR”) has affirmed the final, public credit ratings and outlooks accorded to the following Series 2 Notes issued by South African Securitisation Programme (RF) Limite...
16 May 2016 In Rating Notifications