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GCR affirms NIC Bank Kenya PLC’s national scale rating of A(KE); Outlook Stable.

Johannesburg, 28 September 2018—Global Credit Ratings has affirmed the national scale ratings assigned to NIC Bank Kenya PLC of A(KE) and A1-(KE) in the long-term and short-term respectively; with the outlook accor...

28 Sep 2018 In Rating Notifications

GCR upgrades Hospitality Property Fund Limited’s rating to A-(ZA); Positive outlook.

Johannesburg, 27 September 2018—Global Credit Ratings has today upgraded the national scale Issuer ratings assigned to Hospitality Property Fund Limited to A-(ZA) and A1-(ZA) in the long term and short term respect...

27 Sep 2018 In Rating Notifications

GCR affirms ICEA LION Life Assurance Company Limited’s rating of AA-(KE); Outlook Stable.

Johannesburg, 25 September 2018—Global Credit Ratings has today affirmed the national scale financial strength rating assigned to ICEA LION Life Assurance Company Limited of AA-(KE), with the outlook accorded as St...

25 Sep 2018 In Rating Notifications

GCR upgrades Investec Property Fund Limited’s rating to A+(ZA); Stable outlook

Johannesburg, 21 September 2018—Global Credit Ratings has today upgraded the long term national scale Issuer rating assigned to Investec Property Fund Limited to A+(ZA) and affirmed the short term rating at A1(ZA);...

21 Sep 2018 In Rating Notifications

GCR affirms APA Insurance Limited’s rating of A(KE); Outlook Stable.

Johannesburg, 21 September 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to APA Insurance Limited of A(KE), with the outlook accorded as Stable. The rating i...

21 Sep 2018 In Rating Notifications

GCR accords an initial rating of A-(RW) to Radiant Insurance Company Limited; Stable Outlook.

Johannesburg, 19 September 2018—Global Credit Ratings has today assigned an initial national scale claims paying ability rating to Radiant Insurance Company Limited of A-(RW), with the outlook accorded as Stable. T...

19 Sep 2018 In Rating Notifications

GCR affirms Kenya Reinsurance Corporation’s rating of AA(KE); Outlook Stable.

Johannesburg, 18 September 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Kenya Reinsurance Corporation of AA(KE), with the outlook accorded as Stable. Fur...

18 Sep 2018 In Rating Notifications

Vukile Property Fund Limited – Senior Secured Floating Rate Notes, Ratings Affirmed – Release of Ass

Johannesburg, 17 September 2018—Global Credit Ratings (‘GCR’) has affirmed the final, public long-term credit ratings of ‘AA+(ZA)’ with a Stable outlook to the following Group 1 Notes issued...

17 Sep 2018 In Rating Notifications

GCR accords an initial rating of BBB+(GH) to NSIA Insurance Company Limited; Outlook Stable.

Johannesburg, 14 September 2018—Global Credit Ratings has assigned an initial national scale claims paying ability rating to NSIA Insurance Company Limited of BBB+(GH), with the outlook accorded as Stable. The rati...

14 Sep 2018 In Rating Notifications

GCR accords Uganda Reinsurance Company Limited an initial rating of A-(UG); Outlook Stable.

Johannesburg, 14 September 2018—Global Credit Ratings has assigned a national scale claims paying ability rating to Uganda Reinsurance Company Limited of A-(UG); with the outlook accorded as Stable. The rating is v...

14 Sep 2018 In Rating Notifications

GCR affirms Safari Investments Limited's rating of BBB(ZA), Outlook Positive.

Johannesburg, 12 Sep 2018 - Global Credit Ratings has today affirmed Safari Investments Limited’s national scale Issuer ratings of BBB(ZA), and A2(ZA) in the long term and short term respectively; with the outlook ...

12 Sep 2018 In Rating Notifications

GCR affirms Tausi Assurance Company Limited’s rating of A(KE); Outlook Stable.

Johannesburg, 10 September 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Tausi Assurance Company Limited of A(KE), with the outlook accorded as Stable. Th...

10 Sep 2018 In Rating Notifications

Emira Property Fund Limited Secured Notes – New Issuance Ratings Accorded and Existing Ratings Affir

Johannesburg, 7 September 2018—Global Credit Ratings (“GCR”) has accorded final, public long-term credit ratings of ‘AA(ZA)’ with a ‘Negative’ Outlook to the following Senior Sec...

07 Sep 2018 In Rating Notifications

GCR affirms Accelerate Property Fund Limited’s rating of BBB+(ZA); Outlook Stable.

Johannesburg, 07 September 2018—Global Credit Ratings has today affirmed the national scale issuer ratings assigned to Accelerate Property Fund Limited of BBB+(ZA) and A2(ZA) in the long term and short term respect...

07 Sep 2018 In Rating Notifications

GCR affirms Central Africa Building Society’s rating of A+(ZW); Outlook Stable.

Johannesburg, 31 August 2018—Global Credit Ratings (“GCR”) has affirmed Central Africa Building Society’s long-term and short-term national scale ratings of A+(ZW) and A1(ZW) respectively; with th...

31 Aug 2018 In Rating Notifications

GCR affirms Quince Capital (Proprietary) Limited’s national scale credit rating at A(ZA); Stable Out

Johannesburg, 31 August 2018 – Global Credit Ratings has affirmed the national scale ratings of A(ZA) and A1(ZA) accorded to Quince Capital (Proprietary) Limited in the long term and short term respectively; with t...

31 Aug 2018 In Rating Notifications

GCR affirms Activa International Insurance Company Limited’s rating of A-(GH); Outlook Positive.

Johannesburg, 31 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Activa International Insurance Company Limited of A-(GH), with the outlook accorded ...

31 Aug 2018 In Rating Notifications

GCR downgrades Trustco Group Holdings Limited’s rating to LD(NA).

Johannesburg, 31 August 2018 – Global Credit Ratings (“GCR”) has downgraded the Trustco Group Holdings Limited’s (“Trustco”, “the group”) long and short-term national scale...

31 Aug 2018 In Rating Notifications, Market Alerts

GCR affirms Dipula Income Fund Limited’s rating of BBB(ZA); Outlook Stable

Johannesburg, 31 Aug 2018—Global Credit Ratings has today affirmed the national scale issuer ratings assigned to Dipula Income Fund Limited of BBB(ZA) and A3(ZA) in the long term and short term respectively; with t...

31 Aug 2018 In Rating Notifications

GCR affirms General Alliance Insurance Limited’s rating of AA-(MW); Outlook Stable.

Johannesburg, 31 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to General Alliance Insurance Limited of AA-(MW), with the outlook accorded as Stable. ...

31 Aug 2018 In Rating Notifications

GCR affirms Lewis Group Limited’s rating of A(ZA); Outlook Stable.

Johannesburg, 31 August 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to Lewis Group Limited of A(ZA) and A1(ZA) in the long term and short term respectively; wi...

31 Aug 2018 In Rating Notifications

GCR affirms Mainstream Reinsurance Company Limited’s rating of A(GH); Outlook Stable.

Johannesburg, 31 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Mainstream Reinsurance Company Limited of A(GH), with the outlook accorded as Stable...

31 Aug 2018 In Rating Notifications

GCR upgrades Ecobank Zimbabwe Limited’s rating to BBB(ZW); Outlook Positive.

Johannesburg, 29 August 2018—Global Credit Ratings has upgraded Ecobank Zimbabwe Limited’s long-term and short-term national scale ratings to BBB(ZW) and A2(ZW) respectively; with the outlook accorded as Posi...

31 Aug 2018 In Rating Notifications

GCR upgrades NMB Bank Limited’s rating to BBB-(ZW); Outlook Stable.

Johannesburg, 31 August 2018—Global Credit Ratings (“GCR”) has upgraded NMB Bank Limited’s long-term and short-term national scale ratings to BBB-(ZW) and A3(ZW) respectively; with the outlook acc...

31 Aug 2018 In Rating Notifications

GCR affirms NICO General Malawi Insurance Company Limited’s rating of AA-(MW); Outlook Stable.

Johannesburg, 30 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to NICO General Malawi Insurance Company Limited of AA-(MW), with the outlook accorded ...

30 Aug 2018 In Rating Notifications

GCR affirms Bryte Insurance Company Limited’s rating of A+(ZA); Outlook Stable

Johannesburg, 30 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Bryte Insurance Company Limited of A+(ZA), with the outlook accorded as Stable. SUM...

30 Aug 2018 In Rating Notifications

Emira Property Fund Limited Secured Notes – Pre-Funding Ratings Accorded and Existing Ratings Affirm

Johannesburg, 23 August 2018—Global Credit Ratings (“GCR”) has accorded indicative, public long-term credit ratings of ‘AA(ZA)’ with a ‘Negative’ Outlook to the following Senior ...

23 Aug 2018 In Rating Notifications

Fox Street 3 (RF) Limited – Ratings Affirmed

Johannesburg, 21 August 2018—Global Credit Ratings (“GCR”) has affirmed the following final, public long-term credit ratings to the following Notes issued by Fox Street 3 (RF) Ltd (the “Issuer&rdq...

21 Aug 2018 In Rating Notifications

Vineyard Road Investments (RF) Ltd – Vineyard Series Transaction 1, Rating Affirmed

Johannesburg, 21 August 2018—Global Credit Ratings (“GCR”) has affirmed the final, public short-term credit rating of ‘A1+(ZA)(sf)’ to the Class A Notes issued by Vineyard Road Investments (...

21 Aug 2018 In Rating Notifications

Emira Property Fund Secured Notes – EPF006 Notes Redemption and Rating Withdrawal; EPF007 Ratings Un

Johannesburg, 21 August 2018—Global Credit Ratings (“GCR”) has withdrawn the final, public long-term credit ratings accorded to the following Senior Secured Floating Rate Notes issued by Emira Property ...

21 Aug 2018 In Rating Notifications, Market Alerts

GCR affirms Octodec Investments Limited’s rating of A-(ZA); Outlook Stable.

Johannesburg, 21 August 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to Octodec Investments Limited of A-(ZA) and A1-(ZA) in the long term and short term respectively; wi...

21 Aug 2018 In Rating Notifications

GCR withdraws The South African Securitisation Programme (RF) Limited Series 1 ERSA17 and ERSA20 Not

Johannesburg, 17 August 2018—Global Credit Ratings (“GCR”) has withdrawn the final, public long-term credit ratings accorded to the following Class A17 and Class A20 Notes issued by The South African Se...

17 Aug 2018 In Rating Notifications, Market Alerts

GCR affirms Santam Limited’s rating of AAA(ZA); Outlook Stable

Johannesburg, 17 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Santam Limited of AAA(ZA), with the outlook accorded as Stable. Global Credit Rating...

17 Aug 2018 In Rating Notifications

GCR affirms Activa Assurances Limited’s rating at A+(CM); Outlook Negative.

Johannesburg, 17 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Activa Assurances Limited of A+(CM), with the outlook accorded as Negative. The rati...

17 Aug 2018 In Rating Notifications

Fox Street 6 (RF) Limited – Final Ratings Accorded

Johannesburg, 8 August 2018—Global Credit Ratings (“GCR”) has accorded final, public long-term credit ratings to the following securities issued by Fox Street 6 (RF) Limited (the “Issuer”) o...

08 Aug 2018 In Rating Notifications

GCR affirms Star Assurance Company Limited’s rating of A+(GH); Outlook Stable.

Johannesburg, 07 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Star Assurance Company Limited of A+(GH), with the outlook accorded as Stable. The r...

07 Aug 2018 In Rating Notifications

GCR affirms Enterprise Insurance Company Limited’s rating of A+(GH); Outlook Stable.

Johannesburg, 07 August 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Enterprise Insurance Company Limited of A+(GH), with the outlook accorded as Stable....

07 Aug 2018 In Rating Notifications

GCR affirms PSG Financial Services Limited’s rating of A+(ZA); Outlook Stable.

Johannesburg, 3 August 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to PSG Financial Services Limited of A+(ZA) and A1(ZA) in the long term and short term respectively; w...

03 Aug 2018 In Rating Notifications

GCR affirms Profmed’s rating of AA(ZA); Outlook Stable

Johannesburg, 31 July 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Profmed of AA(ZA), with the outlook accorded as Stable. SUMMARY RATING RATIONALE Glo...

31 Jul 2018 In Rating Notifications

GCR upgrades Victoria Commercial Bank Limited’s rating to BBB+(KE); Outlook Stable.

Johannesburg, 30 July 2018—Global Credit Ratings (“GCR”) has upgraded Victoria Commercial Bank Limited’s long-term national scale ratings to BBB+(KE) and maintained the short-term national scale r...

31 Jul 2018 In Rating Notifications

GCR downgrades Lion of Africa Insurance Company Limited’s rating to BB-(ZA); Rating Watch

Johannesburg, 31 July 2018—Global Credit Ratings has today downgraded the national scale claims paying ability rating accorded to Lion of Africa Insurance Company Limited to BB-(ZA) from BBB(ZA). The rating has bee...

31 Jul 2018 In Rating Notifications

GCR downgrades African Banking Corporation Limited’s rating to BBB-(KE); Rating Watch.

Johannesburg, 31 July 2018—Global Credit Ratings (“GCR”) has downgraded the long term national scale rating of African Banking Corporation Limited from BBB(KE) to BBB-(KE) and affirmed the short-term na...

31 Jul 2018 In Rating Notifications

GCR affirms First Merchant Bank Plc’s rating of A+(MW); Outlook Positive.

Johannesburg, 31 July 2018 - Global Credit Ratings (“GCR”) has affirmed First Merchant Bank Plc’s long-term and short-term national scale ratings of A+(MW) and A1(MW) respectively; with the outlook acco...

31 Jul 2018 In Rating Notifications

GCR affirms Home Finance Guarantors Africa (Reinsurance) Limited’s rating of A+(MU); Outlook Stable

Johannesburg, 31 July 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating accorded to Home Finance Guarantors Africa (Reinsurance) Limited of A+(MU)  with the outlook ...

31 Jul 2018 In Rating Notifications

GCR affirms ZEP-Re’s (PTA Reinsurance Company) rating of AA+(KE); Outlook Stable.

Johannesburg, 31 July 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to ZEP-Re (PTA Reinsurance Company) at AA+(KE), with the Outlook accorded as Stable. The ...

31 Jul 2018 In Rating Notifications

GCR affirms Momentum Health’s rating of AA(ZA); Outlook Stable.

Johannesburg, 31 July 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Momentum Health of AA(ZA), with the rating outlook accorded as Stable. SUMMARY RATING...

31 Jul 2018 In Rating Notifications

GCR upgrades Sizwe Medical Fund’s rating to AA-(ZA); Outlook Stable.

Johannesburg, 31 July 2018—Global Credit Ratings has today upgraded the national scale claims paying ability rating assigned to Sizwe Medical Fund to AA-(ZA) from A+(ZA) , with the rating outlook accorded as Stable...

31 Jul 2018 In Rating Notifications

GCR affirms the Industrial Development Corporation of South Africa Limited’s rating at AA+, Outlook Stable.

Johannesburg, 30 July 2018 - Global Credit Ratings has today affirmed the Industrial Development Corporation of South Africa Limited’s national scale Issuer ratings at AA+(ZA), and A1+(ZA) in the long term and shor...

30 Jul 2018 In Rating Notifications

GCR affirms Guarantee Trust Bank (Kenya) Limited’s rating of BBB+(KE); Outlook Stable

Johannesburg, 27 July 2018 - Global Credit Ratings (“GCR”) has affirmed and withdrawn Guarantee Trust Bank (Kenya) Limited’s (“GTB Kenya”; “the bank”) long-term and short-term national scale ratings of BBB+...

27 Jul 2018 In Rating Notifications

GCR affirms Centum Investment Company Plc's rating of A(KE); Outlook Positive

Johannesburg, 27 July 2018 - Global Credit Ratings has today affirmed Centum Investment Company Plc’s national scale Issuer ratings of A(KE), and A1(KE) in the long term and short term respectively. The ratings ha...

27 Jul 2018 In Rating Notifications

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