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’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, 23 Apr 2015—Global Credit Ratings has affirmed Stanbic Bank Zimbabwe Limited’s national scale ratings of AA-(ZW) and A1+(ZW) in the long term and short term respectively; with the outlook accord...
23 Apr 2015 In Rating Notifications
Johannesburg, 22 April 2015 - Global Credit Ratings has today affirmed the national scale ratings assigned to IEMAS Financial Services (Co-operative) Limited of A-(ZA) and A2(ZA) in the long term and short term respectiv...
22 Apr 2015 In Rating Notifications
Johannesburg, 21 Apr 2015—Global Credit Ratings has today affirmed the national scale claims paying ability rating of Baobab Reinsurance Company Limited at BB+(ZW); with the Outlook placed on Positive. Furthermore,...
21 Apr 2015 In Rating Notifications
Johannesburg, 17 April 2015—Global Credit Rating Co. (Pty) Ltd (‘GCR’) has affirmed the final, public long term credit rating of ‘AA+(ZA)(sf)’ with a Negative Outlook accorded to the followi...
17 Apr 2015 In Rating Notifications
Johannesburg, 15 April 2015—(‘GCR’) has accorded a final, public ‘AA-(ZA)’ long term rating, ‘Stable’ outlook to the IPF12 notes to be issued by Investec Property Fund on 15 Apri...
15 Apr 2015 In Rating Notifications
GCR accords an initial rating of A-(ZA) to Western National Insurance Company Limited; Outlook Stable
Johannesburg, 14 Apr 2015—Global Credit Ratings has today assigned a national scale claims paying ability rating to Western National Insurance Company Limited of A-(ZA); with the outlook accorded as Stable. SUMMAR...
14 Apr 2015 In Rating Notifications
Johannesburg, 10 April 2015—Global Credit Ratings has today accorded an initial national scale claims paying ability rating to International Commercial & Engineering Seguros of BBB+(MZ), with the rating outlook...
14 Apr 2015 In Rating Notifications