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GCR places Fox Street 5 (RF) Limited ratings ‘Under Review’

Johannesburg, 22 May 2017—Global Credit Ratings has today placed the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 5 (RF) Ltd, (‘the Issuer’) Unde...

22 May 2017 In Market Alerts

GCR withdraws Hollard Insurance Ghana Limited’s rating.

Johannesburg, 22 May 2017—Global Credit Ratings has today withdrawn the national scale claims paying ability rating assigned to Hollard Insurance Ghana Limited of A(GH) at the request of the client. As such, GCR wi...

22 May 2017 In Market Alerts

GCR downgrades the international scale ratings of South African rated entities

Johannesburg, 3 May 2017 – Global Credit Ratings has downgraded the international scale, local currency ratings of certain South African rated entities from the sectors of Financial Institutions (banks and non-bank...

03 May 2017 In GCR Communications, Rating Notifications, Market Alerts

GCR withdraws HomeChoice Holdings Limited’s ratings

Johannesburg, 28 April 2017 — Global Credit Ratings has today withdrawn the national scale ratings assigned to HomeChoice Holdings Limited without affirmation. The withdrawal is at the request of the client, and follow...

28 Apr 2017 In Market Alerts

GCR withdraws Mabati Rolling Mills Limited’s ratings

Johannesburg, 28 April 2017 — Global Credit Ratings has today withdrawn the national scale ratings assigned to Mabati Rolling Mills Limited without affirmation. The withdrawal is at the request of the client, and follo...

28 Apr 2017 In Market Alerts

GCR places International Commercial & Engineering Seguros’ national scale rating ‘Under Review’

Johannesburg, 28 April 2017—Global Credit Ratings has today placed International Commercial & Engineering Seguros’ national scale claims paying ability rating of BBB+(MZ) ‘Under Review’. While the rating ...

28 Apr 2017 In Market Alerts

GCR places AFB (Ghana) Plc’s national scale ratings ‘Under Review’

Johannesburg, 28 April 2017—Global Credit Ratings (“GCR”) has today placed the national scale credit ratings assigned to AFB (Ghana) Plc of BB(GH) and B(GH) in the long term and short term respectively ...

28 Apr 2017 In Market Alerts

GCR places Nampak Products Limited’s national scale ratings ‘Under Review’

Johannesburg, 28 April 2017—Global Credit Ratings has today placed Nampak Products Limited’s national scale ratings “Under Review” until 31 May 2017, and expects to release the reviewed ratings by this date. In t...

28 Apr 2017 In Market Alerts

GCR places Absa Bank Limited’s ratings ‘Under Review’

Johannesburg, 28 April 2017—Global Credit Ratings (“GCR”) has today placed the national scale credit ratings assigned to Absa Bank Limited of AA+(ZA) and A1+(ZA) in the long term and short term respecti...

28 Apr 2017 In Market Alerts

Global Credit Ratings updates its mapping table for South Africa

Johannesburg, 26 April 2017 – Global Credit Ratings (“GCR”) has updated its mapping table for South Africa. The mapping table displays the mapping between GCR’s national scale ratings and its inte...

26 Apr 2017 In GCR Communications, Rating Notifications, Market Alerts

GCR places Fox Street 5 (RF) Limited ratings ‘Under Review’

Johannesburg, 20 April 2017—Global Credit Ratings has today placed the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 5 (RF) Ltd, (‘the Issuer’) Un...

20 Apr 2017 In Market Alerts

Synthesis Funding Ltd Asset Backed Commercial Paper – Under Review.

Johannesburg, 20 April 2017—Global Credit Ratings (‘GCR’) has today placed under review the final, public ‘A1+(ZA)(sf)’ short term rating accorded to the Notes issued and to be issued (from ...

20 Apr 2017 In Market Alerts

GCR withdraws Emeritus Reinsurance Company South Africa Limited’s ratings

Johannesburg, 18 Apr 2017—Global Credit Ratings has today withdrawn both the national and international scale claims paying ability ratings assigned to Emeritus Reinsurance Company South Africa Limited. The withdra...

18 Apr 2017 In Market Alerts

GCR extends the ‘Under Review’ for Fox Street 1 (RF) Limited

Johannesburg, 13 April 2017—Global Credit Ratings has today extended the Under Review for the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 1 (RF) Ltd, (&lsqu...

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&rs...

13 Apr 2017 In Market Alerts

Global Credit Ratings withdraws Chase Bank Kenya Limited ratings.

Johannesburg, 31 March 2017 - The respective national scale long and short term ratings of CCC(KE) and C(KE) previously accorded to Chase Bank Kenya Limited (“Chase”, “the bank”) have been withdra...

31 Mar 2017 In Rating Notifications, Market Alerts

GCR places Nampak Limited’s national scale ratings ‘Under Review’

Johannesburg, 31 March 2017—Global Credit Ratings has placed Nampak Limited’s national scale ratings of A(ZA) and A1(ZA) for the long term and short term respectively ‘Under Review’. GCR is far advanced in it...

31 Mar 2017 In Market Alerts

GCR extends the ‘Under Review’ for Fox Street 1 (RF) Limited

Johannesburg, 16 March 2017—Global Credit Ratings has today extended the under review for the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 1 (RF) Ltd, (&lsqu...

16 Mar 2017 In Market Alerts

Zurich Insurance Company South Africa Limited changes its name to Bryte Insurance Company Limited

Johannesburg, 6 March 2017 – Global Credit Ratings (“GCR”) notes the change in name of Zurich Insurance Company South Africa Limited to Bryte Insurance Company Limited. Furthermore, the national scale claims paying...

06 Mar 2017 In Market Alerts

GCR withdraws Bonitas Medical Fund’s rating.

Johannesburg, 6 March 2017 – Global Credit Ratings has today withdrawn the national scale claims paying ability rating assigned to Bonitas Medical Fund (“Bonitas”) at the request of the client. GCR will no longer p...

06 Mar 2017 In Market Alerts

GCR extends the ‘Under Review’ for Fox Street 2 (RF) Limited

Johannesburg, 3 March 2017—Global Credit Ratings has today extended the under review for the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 2 (RF) Ltd, (&lsquo...

03 Mar 2017 In Market Alerts

GCR places Oryx Properties Limited’s national scale ratings ‘Under Review’

Johannesburg, 28 February 2017—Global Credit Ratings has today placed Oryx Properties Limited’s national scale ratings “Under Review” until 15 March 2017 and expects to release the reviewed ratings by this da...

28 Feb 2017 In Market Alerts

GCR places Saham Assurances Angola Seguros, S.A’s rating ‘Under Review’

Johannesburg, 01 Mar 2017—Global Credit Ratings has today placed Saham Assurances Angola Seguros, S.A’s national scale claims paying ability rating of A+(AO) ‘Under Review’. While the rating recently expired,...

28 Feb 2017 In Market Alerts

GCR extends ‘Under Review’ of Assurances Réassurances Omnibranches

Johannesburg, 28 February 2017—Global Credit Ratings has extended the ‘Under Review’ applicable to Assurances Réassurances Omnibranches national scale claims paying ability rating of AA-(MG). While the initial...

28 Feb 2017 In Market Alerts

GCR places Vukile Property Fund Limited’s national scale ratings ‘Under Review’

Johannesburg, 28 February 2017—Global Credit Ratings has today placed Vukile Property Fund Limited’s national scale issuer ratings of A(ZA) and A1(ZA) for the long and short term respectively “Under Review”. The ...

28 Feb 2017 In Market Alerts

GCR places Fox Street 1 (RF) Limited ratings ‘Under Review’

Johannesburg, 14 February 2017—Global Credit Ratings has today placed the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 1 (RF) Ltd, (‘the Issuer’)...

15 Feb 2017 In Market Alerts

GCR places Fox Street 2 (RF) Limited ratings ‘Under Review’

Johannesburg, 10 February 2017—Global Credit Ratings has today placed the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 2 (RF) Ltd, (‘the Issuer’)...

10 Feb 2017 In Market Alerts

GCR places Continental Reinsurance Company Limited’s rating “Under Review”

Johannesburg, 02 February 2017—Global Credit Ratings has today placed Continental Reinsurance Company Limited’s national scale and international scale claims paying ability ratings of A-(BW) and BB respectively, ...

02 Feb 2017 In Market Alerts

GCR accords Export Credit Insurance and Guarantee Company (Botswana) (Pty) Limited a rating of BBB+(BW); Outlook Stable.

Johannesburg, 01 February 2017—Global Credit Ratings has today accorded Export Credit Insurance and Guarantee Company (Botswana) (Pty) Limited a national scale claims paying ability rating of BBB+(BW), with the out...

02 Feb 2017 In Market Alerts

GCR extends “Under Review” of Genric Insurance Company Limited’s rating

Johannesburg, 31 January 2017—Global Credit Ratings (“GCR”) has extended the “Under Review” applicable to Genric Insurance Company Limited’s national scale claims paying ability rating of A-(ZA). The rati...

31 Jan 2017 In Market Alerts

Global Credit Ratings affirms Prosperity Lifecare Insurance Limited’s rating of A+(NA); Withdraws rating

Johannesburg, 27 January 2017—Global Credit Ratings has today affirmed Prosperity Lifecare Insurance Limited’s national scale claims paying ability rating of A+(NA), with the outlook accorded as Stable. At th...

27 Jan 2017 In Rating Notifications, Market Alerts

GCR withdraws Resolution Health Medical Scheme’s rating.

Johannesburg, 20 Dec 2016—Global Credit Ratings has today withdrawn the national scale claims paying ability rating assigned to Resolution Health Medical Scheme at the request of the client. GCR will no longer prov...

20 Dec 2016 In Market Alerts

GCR places Genric Insurance Company Limited’s rating “Under Review”

Johannesburg, 19 December 2016—Global Credit Ratings (“GCR”) has placed the national scale claims paying ability rating assigned to Genric Insurance Company Limited of A-(ZA) “Under Review”....

19 Dec 2016 In Market Alerts

GCR withdraws Nedgroup Insurance Company Limited’s ratings

Johannesburg, 15 Dec 2016—Global Credit Ratings has today withdrawn the national scale and international scale claims paying ability ratings assigned to Nedgroup Insurance Company Limited (“NEDIC”) at t...

15 Dec 2016 In Market Alerts

GCR withdraws Chartered Accountants (SA) Medical Aid Fund’s rating.

Johannesburg, 12 December 2016 – Global Credit Ratings has today withdrawn the national scale claims paying ability rating assigned to Chartered Accountants (SA) Medical Aid Fund (“CAMAF”) at the reques...

12 Dec 2016 In Market Alerts

Global Credit Ratings updates mapping table for South Africa

Johannesburg, 9 December 2016 – Global Credit Ratings (“GCR”) has revised the mapping between its national scale ratings and its international scale, local currency ratings for South Africa. RATING RAT...

09 Dec 2016 In GCR Communications, Market Alerts

Delta Property Fund Limited – Senior Secured Notes Paid in Full, Ratings withdrawn

Johannesburg, 09 December 2016—Global Credit Ratings (‘GCR’) advises that the following Senior Secured Notes (the ‘Notes’) issued by Delta Property Fund Limited under its R2bn DMTN Programme...

09 Dec 2016 In Rating Notifications, Market Alerts

GCR places Assurances Réassurances Omnibranches’ rating ‘Under Review’

Johannesburg, 1 December 2016—Global Credit Ratings has today placed Assurances Réassurances Omnibranches’ national scale claims paying ability rating of AA-(MG) ‘Under Review’. While the rating recently exp...

01 Dec 2016 In Market Alerts

GCR places Prima Reinsurance Company Limited’s rating ‘Under Review’

Johannesburg, 1 December 2016—Global Credit Ratings has today placed Prima Reinsurance Company Limited’s national scale claims paying ability rating of A-(ZM) and international scale claims paying ability rat...

01 Dec 2016 In Market Alerts

GCR places Zambian Reinsurance Company Limited’s rating ‘Under Review’

Johannesburg, 1 December 2016—Global Credit Ratings has today placed Zambian Reinsurance Company Limited’s national scale claims paying ability rating of BBB-(ZM) and international scale claims paying ability...

01 Dec 2016 In Market Alerts

GCR extends ‘Under Review’ of The Jubilee Insurance Company of Tanzania Limited

Johannesburg, 1 November 2016—Global Credit Ratings has today extended the ‘Under Review’ applicable to The Jubilee Insurance Company of Tanzania Limited’s national scale claims paying ability rating of A+(TZ...

01 Nov 2016 In Market Alerts

GCR places Jasco Electronics Holdings Limited’s national scale ratings ‘Under Review’

Johannesburg, 31 October 2016—Global Credit Ratings has today placed Jasco Electronics Holdings Limited’s national scale issuer ratings of BB-(ZA) and B(ZA) for the long and short term respectively “Under Review”...

31 Oct 2016 In Market Alerts

GCR withdraws Kampala Capital City Authority’s ratings

Johannesburg, 31 October 2016—Global Credit Ratings has today withdrawn the national scale ratings assigned to Kampala Capital City Authority Limited of A(UG) and A1-(UG) in the long term and short term respectivel...

31 Oct 2016 In Market Alerts

GCR extends “Under Review” of THI Insurance (Private) Limited’s national scale rating

Johannesburg, 31 October 2016—Global Credit Ratings has today extended the “Under Review” applicable to THI Insurance (Private) Limited’s national scale claims paying ability rating of BBB-(ZW), and expects t...

31 Oct 2016 In Market Alerts

GCR places Hollard Insurance Ghana Limited’s national scale rating ‘Under Review’

Johannesburg, 31 October 2016—Global Credit Ratings has today placed Hollard Insurance Ghana Limited’s national scale claims paying ability rating of A(GH) ‘Under Review’. While the rating recently expired, G...

31 Oct 2016 In Market Alerts

GCR withdraws UAP Life Assurance Limited’s national scale rating

Johannesburg, 6 October 2016 – The national scale financial strength rating of BBB+(KE) with a negative outlook accorded to UAP Life Assurance Limited has expired. The company is currently undergoing an integration pro...

06 Oct 2016 In Market Alerts

GCR withdraws Cannon Assurance Limited’s rating

Johannesburg, 30 September 2016—Global Credit Ratings has today withdrawn Cannon Assurance Limited’s national scale claims paying ability rating of BBB+(KE), with the outlook accorded as Negative. The rating has ...

30 Sep 2016 In Market Alerts

GCR places Northam Platinum Limited’s ratings “Under Review”

Johannesburg, 30 September 2016—Global Credit Ratings (“GCR”) has placed the national scale ratings assigned to Northam Platinum Limited (“Northam”) of BBB+(ZA) and A1-(ZA) in the long and short term respec...

30 Sep 2016 In Market Alerts

GCR places Seguradora Internacional de Mocambique, S.A.’s national scale rating ‘Under Review’

Johannesburg, 30 September 2016—Global Credit Ratings has today placed Seguradora Internacional de Mocambique, S.A.’s national scale claims paying ability rating of AA-(MZ) “Under Review”. While the rating re...

30 Sep 2016 In Market Alerts

GCR places The Jubilee Insurance Company of Tanzania Limited’s national scale rating ‘Under Review’

Johannesburg, 30 September 2016—Global Credit Ratings has today placed The Jubilee Insurance Company of Tanzania Limited’s national scale claims paying ability rating of A+(TZ) “Under Review”. While the ratin...

30 Sep 2016 In Rating Notifications, Market Alerts

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