GCR places AFB (Ghana) PLC Medium Term Note Programme ratings ‘Under Review’

13 Apr 2017 In Market Alerts

GCR places AFB (Ghana) PLC Medium Term Note Programme ratings ‘Under Review’

Johannesburg, 18 April 2017—Global Credit Ratings has today placed the following final, public long term credit rating of ‘BBB(GH)’ with a Stable Outlook accorded to the Medium Term Notes (‘MTN’) Programme of AFB (Ghana) PLC, Under Review.

While the ratings were scheduled to be reviewed by 18 April 2017, GCR expects to publicly release the updated ratings by 19 May 2017. GCR is also in the process of reviewing the Corporate Rating which is expected to be finalised on or before 19 May 2017. The reason for the extension is to align the review date of the Corporate and Structured Finance ratings.

The existing ratings continue to be supported by GCR.

RATINGS HISTORY

Stock code/Series
Initial Rating
Long Term Rating
Short Term Rating
Outlook
AFB100
19 August 2015
BBB(GH)
n.a.
Stable
AFB200
19 August 2015
BBB(GH)
n.a.
Stable
AFB300
19 August 2015
BBB(GH)
n.a.
Stable
AFB400
19 August 2015
BBB(GH)
n.a.
Stable
AFB500
18 April 2016
BBB(GH)
n.a.
Stable
AFB600
18 April 2016
BBB(GH)
n.a.
Stable
AFB700
18 April 2016
BBB(GH)
n.a.
Stable
AFB800
18 April 2016
BBB(GH)
n.a.
Stable
AFB900
18 April 2016
BBB(GH)
n.a.
Stable
AFB1000
22 September 2016
BBB(GH)
n.a.
Stable
14
18 April 2016
BBB(GH)
n.a.
Stable
17
18 April 2016
BBB(GH)
n.a.
Stable
20
18 April 2016
BBB(GH)
n.a.
Stable
 
 
Stock code/Series
Last Rating
Long Term Rating
Short Term Rating
Outlook
AFB100
23 September 2016
BBB(GH)
n.a.
Stable
AFB200
23 September 2016
BBB(GH)
n.a.
Stable
AFB300
23 September 2016
BBB(GH)
n.a.
Stable
AFB400
23 September 2016
BBB(GH)
n.a.
Stable
AFB500
23 September 2016
BBB(GH)
n.a.
Stable
AFB600
23 September 2016
BBB(GH)
n.a.
Stable
AFB700
23 September 2016
BBB(GH)
n.a.
Stable
AFB800
23 September 2016
BBB(GH)
n.a.
Stable
AFB900
23 September 2016
BBB(GH)
n.a.
Stable
AFB1000
23 September 2016
BBB(GH)
n.a.
Stable
14
23 September 2016
BBB(GH)
n.a.
Stable
17
23 September 2016
BBB(GH)
n.a.
Stable
20
23 September 2016
BBB(GH)
n.a.
Stable

 

ANALYTICAL CONTACTS

Corné Els

Senior Structured Finance Analyst

+27 11 784 1771

.(JavaScript must be enabled to view this email address)

Committee Chairman

Emma-Jane Fulcher

Sector Head: Structured Finance Ratings

+27 11 784 1771

.(JavaScript must be enabled to view this email address)

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