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

    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 accords an initial rating of BBB+ to African Export-Import Bank’s USD5bn EMTN Programme.

Johannesburg, 20 June 2017 - Global Credit Ratings (“GCR”) has accorded African-Export Import Bank’s future and outstanding issues of senior unsecured unsubordinated debt securities, under its USD5bn Eu...

21 Jun 2017 In Rating Notifications

Commissioner Street No. 10 (RF) Ltd – Final Ratings Accorded

Johannesburg, 21 June 2017—Global Credit Ratings (“GCR”) has accorded final, public long-term credit ratings to the following senior unsecured floating rate notes (the “Notes”) issued by Com...

21 Jun 2017 In Rating Notifications

Adcorp Holdings Limited Group 1 Notes – Ratings Downgraded

Johannesburg, 15 June 2017—Global Credit Ratings (“GCR”) has downgraded the final, public long-term credit ratings accorded to the following Senior Secured Notes issued by Adcorp Holdings Limited (&ldqu...

15 Jun 2017 In Rating Notifications

GCR affirms the servicer quality* ratings of Transaction Capital Risk Servicer Proprietary Limited

Johannesburg, 15 June 2017 – Global Credit Ratings (“GCR”) has affirmed the primary and special servicer ratings accorded to Transaction Capital Risk Services Proprietary Limited of SQ1-(ZA) and SQ1(ZA)...

15 Jun 2017 In Rating Notifications

GCR affirms PDM Holdings Limited's rating of A-(KE); Outlook Stable

Johannesburg, 14 June 2016—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to PDM Holdings Limited of A-(KE) and A2(KE) in the long term and short term respectively; with the out...

14 Jun 2017 In Rating Notifications

GCR upgrades Sappi Southern Africa Limited’s rating to A+(ZA); Outlook Stable.

Johannesburg, 13 June 2017—Global Credit Ratings has today upgraded the national scale Issuer ratings assigned to Sappi Southern Africa Limited to A+(ZA) and A1+(ZA) in the long and short term respectively; with th...

13 Jun 2017 In Rating Notifications

GCR downgrades Adcorp Holdings Limited’s rating to BBB-(ZA), and places it on Rating Watch.

GCR downgrades Adcorp Holdings Limited’s rating to BBB-(ZA), and places it on Rating Watch. Johannesburg, 09 June 2017—Global Credit Ratings has today downgraded the national scale, long term Issuer rating a...

09 Jun 2017 In Rating Notifications