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 affirms Zurich Insurance Company South Africa Limited rating of AA-(ZA); Outlook Stable

Johannesburg, 28 Aug 2015—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Zurich Insurance Company South Africa Limited of AA-(ZA), with the outlook accorded as ...

28 Aug 2015 In Rating Notifications

GCR affirms ICEA LION General Insurance Company Limited’s rating of AA-(KE); Outlook Stable

Johannesburg, 28 Aug 2015—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to ICEA LION General Insurance Company Limited of AA-(KE); with the outlook accorded as St...

28 Aug 2015 In Rating Notifications

GCR affirms PSG Financial Services’ rating of A(ZA); Outlook Stable

Johannesburg, 28 Aug 2015—Global Credit Ratings has today affirmed the national scale ratings assigned to PSG Financial Services of A(ZA) and A1(ZA) in the long term and short term respectively; with the outlook ac...

28 Aug 2015 In Rating Notifications

GCR affirms NMB Bank Limited’s rating of BB+(ZW); Outlook Stable

Johannesburg, 27 Aug 2015—Global Credit Ratings has affirmed the national scale ratings assigned to NMB Bank Limited of BB+(ZW) and B(ZW) in the long term and short term respectively; with the outlook accorded as S...

27 Aug 2015 In Rating Notifications

GCR affirms the final, public ratings accorded to the Notes issued by Fintech Receivables 2 (RF) Limited

Johannesburg, 27 August 2015—Global Credit Ratings (‘GCR’) has affirmed the final, public long term credit ratings accorded to the following notes (collectively the ‘Notes’) issued by Fintec...

27 Aug 2015 In Rating Notifications

GCR affirms Equity Group Holdings Limited’s rating of AA-(KE); Outlook Stable

Johannesburg, 27 Aug 2015 - Global Credit Ratings has today affirmed the national scale ratings assigned to Equity Group Holdings Limited of AA-(KE) and A1+(KE) in the long term and short term respectively; with the outl...

27 Aug 2015 In Rating Notifications

GCR affirms NIC Bank Limited’s rating of A+(KE); Outlook Stable

Johannesburg, 27 Aug 2015 - Global Credit Ratings has today affirmed the national scale ratings assigned to NIC Bank Limited of A+(KE) and A1(KE) in the long term and short term respectively; with the outlook accorded as...

27 Aug 2015 In Rating Notifications