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GCR affirms Equity Group Holdings Plc’s rating of AA-(KE); Outlook Stable.

Johannesburg, 31 October 2018 - Global Credit Ratings has affirmed the national scale ratings assigned to Equity Group Holdings Plc (formerly Equity Group Holdings Limited) of AA-(KE) and A1+(KE) in the long term and sho...

31 Oct 2018 In Rating Notifications

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

Johannesburg, 31 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Infiniti Insurance Limited of A-(ZA), with the outlook accorded as Stable. SUMMARY...

31 Oct 2018 In Rating Notifications

GCR affirms Reliance Insurance Company (Tanzania) Limited’s rating of A+(TZ); Outlook Stable.

Johannesburg, 31 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Reliance Insurance Company (Tanzania) Limited of A+(TZ), with the outlook accorded ...

31 Oct 2018 In Rating Notifications

GCR upgrades Société Nationale d’Assurances et de Réassurances’ rating to A+(BF); Outlook Stable.

Johannesburg, 31 October 2018—Global Credit Ratings has today upgraded the national scale claims paying ability rating assigned to Société Nationale d’Assurances et de Réassurances to A+(BF) from A(BF), wi...

31 Oct 2018 In Rating Notifications

GCR affirms Trust for Urban Housing Finance’s national scale credit rating at BBB(ZA), Outlook Negative.

Johannesburg, 31 October 2018 – Global Credit Ratings has affirmed the national scale ratings of BBB(ZA) and A3(ZA) accorded to Trust for Urban Housing Finance Limited (“TUHF”, “the entity”)...

31 Oct 2018 In Rating Notifications

GCR affirms Kenya Police Sacco Society Limited’s rating of BB+(KE); Outlook Stable.

Johannesburg, 31 October 2018—Global Credit Ratings has affirmed Kenya Police Sacco Society Limited’s long-term and short-term national scale ratings of BB+(KE) and B(KE) respectively; with the outlook accord...

31 Oct 2018 In Rating Notifications

GCR affirms Northam Platinum Limited’s rating of A-(ZA); Outlook Stable

Johannesburg, 31 October 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to Northam Platinum Limited of A-(ZA) and A1-(ZA) in the long and short term respectively; with the ...

31 Oct 2018 In Rating Notifications

GCR downgrades African Banking Corporation Tanzania Limited’s rating to B+(TZ); Outlook Stable.

Johannesburg, 31 October 2018—Global Credit Ratings has downgraded the long term national scale rating of African Banking Corporation Tanzania Limited to B+(TZ) from BB-(TZ) and affirmed the short term national sca...

31 Oct 2018 In Rating Notifications

GCR withdraws African Banking Corporation Limited’s ratings.

Johannesburg, 31 October 2018—Global Credit Ratings (“GCR”) has today withdrawn the ratings assigned to Kenya based African Banking Corporation Limited of BBB-(KE) and A3(KE) in the long term and short ...

31 Oct 2018 In Rating Notifications, Market Alerts

GCR affirms Untu Capital Limited’s rating of BB(ZW); Negative Rating Watch.

Johannesburg, 30 October 2018—Global Credit Ratings (“GCR”) has affirmed Untu Capital Limited’s national scale ratings of of BB(ZW) and B(ZW) in the long term and short term respectively; with the...

30 Oct 2018 In Rating Notifications

Fox Street 6 (RF) Limited – Existing Ratings Affirmed and New Indicative Ratings Accorded

Johannesburg, 29 October 2018—Global Credit Ratings (“GCR”) has affirmed the final, public long-term credit ratings of the following securities issued by Fox Street 6 (RF) Limited (the “Issuer&rdq...

29 Oct 2018 In Rating Notifications

GCR affirms The Heritage Insurance Company Tanzania Limited’s rating of AA-(TZ); Outlook Stable.

Johannesburg, 29 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to The Heritage Insurance Company Tanzania Limited of AA-(TZ), with the outlook accord...

29 Oct 2018 In Rating Notifications

GCR affirms Murray & Roberts Holdings Limited’s rating of A-(ZA); Outlook Stable

Johannesburg, 29 Oct 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to Murray & Roberts Holdings Limited of A-(ZA) and A1-(ZA) in the long and short term respectively; ...

29 Oct 2018 In Rating Notifications

GCR places the ratings of Zimbabwean financial institutions on Negative Rating Watch

Global Credit Ratings places the ratings of Zimbabwean financial institutions on Negative Rating Watch Johannesburg, 26 October 2018 – Global Credit Ratings (“GCR”) has placed the national scale rating...

26 Oct 2018 In Rating Notifications, Market Alerts

GCR affirms Auto and General Insurance Company Limited’s rating of A+(ZA), Withdraws rating

Johannesburg, 26 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Auto and General Insurance Company Limited of A+(ZA), with the outlook accorded as ...

26 Oct 2018 In Rating Notifications, Market Alerts

GCR affirms Fidelity Shield Insurance Company Limited’s rating of BBB(KE); Outlook Negative.

Johannesburg, 26 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Fidelity Shield Insurance Company Limited of BBB(KE), with the outlook accorded as ...

26 Oct 2018 In Rating Notifications

GCR affirms FTG Holdings Limited’s rating of BB+(KE); Outlook Stable.

Johannesburg, 26 October 2018—Global Credit Ratings has today affirmed the national scale Issuer ratings assigned to FTG Holdings Limited of BB+(KE) and B(KE) in the long term and short term respectively; with the ...

26 Oct 2018 In Rating Notifications

MW Asset Rentals (RF) Ltd – Existing Ratings Affirmed and New Indicative Rating Accorded

Johannesburg, 26 October 2018—Global Credit Ratings (“GCR”) has affirmed the following final, public long-term credit ratings accorded to the following Secured Class A Notes (“Class A Notes”...

26 Oct 2018 In Rating Notifications

GCR assigns National Water and Sewerage Corporation a rating of AA(UG); Outlook Stable

Johannesburg, 25 October 2018—Global Credit Ratings has today assigned the National Water and Sewerage Corporation a long term national scale Issuer rating of AA(UG), and a short term rating of A1+(UG). The outlook...

25 Oct 2018 In Rating Notifications

GCR affirms The Standard Insurance Co., Inc’s rating of A(PH); Outlook Positive.

Johannesburg, 25 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to The Standard Insurance Co., Inc of A(PH), with the rating outlook accorded as Posit...

25 Oct 2018 In Rating Notifications

GCR affirms Seguradora Internacional de Mocambique, S.A’s rating of AA-(MZ); Outlook Stable.

Johannesburg, 19 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Seguradora Internacional de Mocambique, S.A of AA-(MZ), with the outlook accorded a...

19 Oct 2018 In Rating Notifications

GCR affirms The Jubilee Insurance Company of Tanzania Limited’s rating of A(TZ) Outlook Stable.

Johannesburg, 19 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to The Jubilee Insurance Company of Tanzania Limited of A(TZ), with the outlook accord...

19 Oct 2018 In Rating Notifications

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

Johannesburg, 18 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Alliance Insurance Corporation Limited of AA-(TZ), with the outlook accorded as Sta...

18 Oct 2018 In Rating Notifications

GCR accords City of Johannesburg Metropolitan Municipality a rating of AA(ZA); Outlook Stable

Johannesburg, 17 October 2018—Global Credit Ratings has today accorded the City of Johannesburg Metropolitan Municipality a long term national scale Issuer rating of AA(ZA), and a short term rating of A1+(ZA). The ...

17 Oct 2018 In Rating Notifications

GCR withdraws the GBL02 Senior Unsecured Notes Ratings on Full Redemption of the Notes

Johannesburg, 16 October 2018—Global Credit Ratings (“GCR”) has withdrawn the final, public long-term credit ratings accorded to the following Senior Unsecured Floating Rate Notes issued by Grindrod Ban...

16 Oct 2018 In Rating Notifications, Market Alerts

GCR affirms Eastern and Southern African Trade and Development Bank’s rating of AAA(KE); Outlook Stable.

Johannesburg, 15 October 2018 - Global Credit Ratings has affirmed Eastern and Southern African Trade and Development Bank’s national scale ratings of AAA(KE) and A1+(KE) in the long term and short term respectivel...

15 Oct 2018 In Rating Notifications

GCR affirms Phoenix of Tanzania Assurance Company Limited’s rating of AA-(TZ); Outlook Stable.

Johannesburg, 12 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Phoenix of Tanzania Assurance Company Limited of AA-(TZ), with the rating outlook a...

12 Oct 2018 In Rating Notifications

GCR affirms Swan General Ltd’s rating of AA-(MU); Outlook Stable.

Johannesburg, 12 October 2018 - Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Swan General Ltd of AA-(MU), with the outlook accorded as Stable. Furthermore, Global C...

12 Oct 2018 In Rating Notifications

GCR downgrades ZB Building Society’s rating to BB-(ZW); Outlook Stable.

Johannesburg, 10 October 2018—Global Credit Ratings has downgraded the long term national scale rating assigned to ZB Building Society to BB-(ZW), and affirmed the short-term national scale rating of B(ZW); with th...

10 Oct 2018 In Rating Notifications

GCR upgrades ZB Bank Limited’s rating to BB(ZW); Outlook Stable.

Johannesburg, 10 October 2018—Global Credit Ratings has upgraded the national scale rating assigned to ZB Bank Limited to BB(ZW) in the long-term and affirmed B(ZW) in the short-term; with the outlook accorded as S...

10 Oct 2018 In Rating Notifications

Nitro Securitisation 6 (RF) Limited – Ratings ‘Under Review’

Johannesburg, 10 October 2018—Global Credit Ratings (“GCR”) has today placed the final, public short-term and long-term credit ratings accorded to the following Classes of Notes issued by Nitro Securiti...

10 Oct 2018 In Rating Notifications

GCR accords Equites Property Fund Limited a first-time rating of A(ZA); Stable outlook

Johannesburg, 10 October 2018—Global Credit Ratings has today accorded Equites Property fund Limited first-time Issuer national scale ratings of A(ZA) and A1(ZA) for the long and short term respectively; with the o...

10 Oct 2018 In Rating Notifications

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

Johannesburg, 9 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Tanzania Reinsurance Company Limited of A(TZ), with the rating outlook accorded as S...

09 Oct 2018 In Rating Notifications

GCR downgrades ICEA LION General Insurance Company (Tanzania) Limited’s rating to A-(TZ); Outlook Negative.

Johannesburg, 1 October 2018—Global Credit Ratings has today downgraded the national scale claims paying ability rating assigned to ICEA LION General Insurance Company (Tanzania) Limited to A- (TZ) from A(TZ), with...

01 Oct 2018 In Rating Notifications

GCR withdraws Phoenix of East Africa Assurance Company Limited’s national scale rating.

Johannesburg, 01 October 2018—Global Credit Ratings (“GCR”) has today withdrawn Phoenix of East Africa Assurance Company Limited’s (“Phoenix Kenya”) national scale claims paying abilit...

01 Oct 2018 In Rating Notifications

GCR affirms Phoenix of Uganda Assurance Company Limited’s rating of A(UG); Outlook Stable.

Johannesburg, 01 October 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Phoenix of Uganda Assurance Company Limited of A(UG), with the outlook accorded as ...

01 Oct 2018 In Rating Notifications

GCR affirms Emeritus Reinsurance Company Limited’s (formerly Malawi Reinsurance Company Limited) rating of BBB(MW); Outlook Negative.

Johannesburg, 28 September 2018—Global Credit Ratings has today affirmed the national scale claims paying ability rating assigned to Emeritus Reinsurance Company Limited (formerly Malawi Reinsurance Company Limited...

28 Sep 2018 In Rating Notifications

GCR affirms Omnia Holdings Limited's rating of A-(ZA); Outlook Stable

Johannesburg, 28 September 2018 - Global Credit Ratings has today affirmed the national scale Issuer ratings for Omnia Holdings Limited of A-(ZA) and A1-(ZA) in the long term and short term respectively; with t...

28 Sep 2018 In Rating Notifications

GCR affirms Sanlam Life Insurance (Tanzania) Limited’s rating of AA-(TZ); Outlook Stable.

Johannesburg, 28 September 2018—Global Credit Ratings has today affirmed the national scale financial strength rating assigned to Sanlam Life Insurance (Tanzania) Limited of AA-(TZ), with the rating outlook accorde...

28 Sep 2018 In Rating Notifications

GCR affirms Bank of Kigali Plc’s rating of AA-(RW); Outlook Stable.

Johannesburg, 28 September 2018—Global Credit Ratings has affirmed Bank of Kigali Plc’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively; with the outlook accorded as Stable...

28 Sep 2018 In Rating Notifications

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

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