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, 04 February 2016—Global Credit Ratings (‘GCR’) has accorded final, public long term credit ratings to the following Series 1 Notes (“Series 1”) issued by the South African Secu...
04 Feb 2016 In Rating Notifications
GCR upgrades Bank Windhoek Limited's long term South African national scale (Rand) issuer rating to A+(ZA); Outlook Stable
Johannesburg, 29 January 2016 – Global Credit Ratings (“GCR”) has upgraded the long term South African national scale (Rand) issuer rating of Bank Windhoek Limited to A+(ZA) with the outlook accorded as...
29 Jan 2016 In Rating Notifications
Johannesburg, 31 January 2016—Global Credit Ratings has extended the ‘Under Review’ applicable to Assurances Réassurances Omnibranches’ national scale claims paying ability rating of AA-(MG). While the initi...
29 Jan 2016 In Market Alerts
Johannesburg, 28 Jan 2016—Global Credit Ratings has today affirmed the national scale ratings assigned to Netcare Limited of A(ZA) and A1(ZA) for the long and short term respectively; with the outlook accorded as P...
28 Jan 2016 In Rating Notifications
Johannesburg, 26 January 2016—Global Credit Ratings has today published its South Africa Financial Institutions Ratings Overview, which summarises the key factors impacting credit ratings of South African financial...
26 Jan 2016 In GCR Communications
GCR affirms Hannover Reinsurance Africa Limited’s rating of AAA(ZA); Withdraws ratings Johannesburg, 22 Jan 2016—Global Credit Ratings has today affirmed the national scale claims paying ability rating assig...
22 Jan 2016 In Rating Notifications
Johannesburg, 1 January 2016—Global Credit Ratings has today placed Tristar Insurance Company Limited’s national scale claims paying ability rating of BB-(ZW) ‘Under Review’. While the rating recently expired...
01 Jan 2016 In Market Alerts