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, 25 Oct 2016—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to KAP Industrial Holdings Limited of A(ZA) and A1(ZA) in the long and short term respectively; with the...
25 Oct 2016 In Rating Notifications
Commissioner Street No. 4 (RF) Ltd – Ratings Upgraded and placed on ‘Positive’ Outlook Johannesburg, 24 October 2016—Global Credit Ratings (‘GCR’) has upgraded the final, public long ...
24 Oct 2016 In Rating Notifications
Johannesburg, 24 Oct 2016—Global Credit Ratings has today upgraded the national scale long term rating assigned to eThekwini Metropolitan Municipality to AA(ZA), while the short term rating has been maintained at A...
24 Oct 2016 In Rating Notifications
Johannesburg, 21 October 2016—Global Credit Ratings (‘GCR’) has affirmed the final, public long-term credit ratings of ‘A(ZA)’ with a ‘Stable’ Outlook, accorded to the following ...
21 Oct 2016 In Rating Notifications
GCR accords final public rating of ‘AA-(ZA)’ to the Senior Secured APF04 Notes to be issued by Accelerate Property Fund
Johannesburg, 21 October 2016—Global Credit Ratings (‘GCR’) has accorded a final, public long term credit rating of ‘AA-(ZA)’ with a ‘Stable’ outlook to the R225m of Senior Secur...
21 Oct 2016 In
Johannesburg, 20 October 2016—Global Credit Ratings has upgraded Investec Bank Limited’s long-term national scale rating to AA(ZA) and affirmed its short-term national scale rating at A1+(ZA); with the outloo...
20 Oct 2016 In Rating Notifications
Johannesburg, 19 October 2016—Global Credit Ratings (‘GCR’) has affirmed the final, public long term credit rating of ‘BBB(GH)’ with a Stable Outlook accorded to the Medium Term Notes (&lsqu...
19 Oct 2016 In Rating Notifications