Global Credit Ratings awarded Best Fund Rating Service in Africa

30 Oct 2016 In Rating Notifications

Global Credit Ratings 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.

Currently, GCR rates ten fixed income funds in the South African market, six of which are money market funds. Fund ratings represent GCR’s assessment of a specific fund’s exposure to factors that could lead to unexpected net asset value and total return volatility, taking into consideration the domestic regulatory and operating environments, as well as structural market issues.

“GCR is honoured to have won this award. It is a major milestone for the company as we continue to strive for excellence as a credit ratings agency in Africa,” says Marc Joffe, Chief Executive Officer of GCR.

The winners of each of the 29 categories were selected by a panel of nine judges from around the world. GCR’s evaluation for the award was based on its business model and growth, development in terms of its offering, and the way in which it delivers services to meet the needs of the fund management industry, and the broader investor and financial communities. GCR has a firmly established market leadership position in African credit ratings, with the company’s major thrust being to establish a similar position in other key emerging markets.

In addition, GCR has generated strong growth in new business over the course of the last year. GCR’s extensive understanding of financial market specifics in a broad range of countries supports its knowledge of the unique strengths and challenges in clients’ operating environments.


About Global Credit Ratings

Global Credit Ratings (GCR) rates the full spectrum of security classes and accords both International Scale and National Scale ratings, spanning around 25 countries across the African continent. GCR is also a founder member of Europe based ARC Ratings, which is registered with the European Securities and Markets Authority. GCR’s South African business is registered as a Credit Rating Services Provider by the Financial Services Board, Licence No: CRA001. For more information visit: www.globalratings.net

 

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