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GCR places East African Underwriters Limited’s rating of A-(UG) “Under Review”

Johannesburg, 26 Jun 2013—Global Credit Ratings has placed East African Underwriters Limited’s national scale claims paying ability rating of A-(UG) “Under Review”. While the rating recently expir...

26 Jun 2013 In Market Alerts

GCR places Goldstar Insurance Company Limited’s rating of A+(UG) “Under Review”

Johannesburg, 26 Jun 2013—Global Credit Ratings has placed Goldstar Insurance Company Limited’s national scale claims paying ability rating of A+(UG) “Under Review”. While the rating recently expi...

26 Jun 2013 In Market Alerts

GCR places UAP Insurance Uganda Limited’s rating of A+(UG) “Under Review”

Johannesburg, 26 Jun 2013—Global Credit Ratings has placed UAP Insurance Uganda Limited’s national scale claims paying ability rating of A+(UG) “Under Review”. While the rating recently expired, G...

26 Jun 2013 In Market Alerts

GCR places Grand Reinsurance Company (Private) Limited’s rating of BBB(ZW) “Under Review”

Johannesburg, 20 Jun 2013—Global Credit Ratings has placed Grand Reinsurance Company (Private) Limited’s national scale claims paying ability rating of BBB(ZW) and the international scale claims paying abilit...

20 Jun 2013 In Market Alerts

GCR places Emira Property Fund’s rating of A-(ZA) “Under Review”

Johannesburg, 11 Jun 2013—Global Credit Ratings has placed Emira Property Fund’s national scale issuer ratings of A(ZA) and A1(ZA) in the long term and short term respectively “Under Review”. Whil...

12 Jun 2013 In Market Alerts

GCR withdraws Sizwe Medical Fund’s rating of A(ZA)

Johannesburg, 06 Jun 2013—Global Credit Ratings has today withdrawn Sizwe Medical Fund’s national scale claims paying ability rating of A(ZA). The withdrawal of the credit rating on Sizwe Medical Fund is at t...

06 Jun 2013 In Market Alerts

GCR places Global Alliance Seguros Mozambique’s rating of AA-(MZ) “Under Review”

Johannesburg, 30 May 2013—Global Credit Ratings has today placed the national scale claims paying ability rating assigned to Global Alliance Seguros Mozambique of AA-(MZ) “Under Review”. While the ratin...

30 May 2013 In Market Alerts

GCR places Buffalo City Metropolitan Municipality “Under Review”

Johannesburg, 30 May 2013 - Global Credit Ratings has to day placed the national scale issuer ratings of Buffalo City Metropolitan Municipality, of A(ZA) and A1-(ZA), “Under Review”. While the ratings have pa...

30 May 2013 In Market Alerts

GCR withdraws The Msunduzi Municipality’s rating of BBB(ZA)

Johannesburg, 30 May 2013—Global Credit Ratings has today withdrawn the national scale issuer rating assigned to The Msunduzi Municipality of BBB(ZA) and A3(ZA) in the long term and short term respectively. Global...

30 May 2013 In Market Alerts

Curatorship for Interfin Bank Limited extended

The Reserve Bank of Zimbabwe has extended the period of curatorship for Interfin Bank Limited, as well as the appointment of its curator (Peter Bailey of KPMG Zimbabwe), for a further six months to June 9, 2013. The bank...

10 May 2013 In Market Alerts

GCR withdraws Real Kenya’s BB-(KE) rating

Subscribers are notified that GCR has withdrawn Real Insurance Company Limited’s (“Real Kenya”) domestic claims paying ability rating of BB-(KE). At the last rating review in August 2012, GCR downgraded Real Kenya...

01 Mar 2013 In Market Alerts

Nigeria - Access Bank’s ratings have expired

Please note that Access Bank Plc’s ratings have expired after the 2012 review was delayed by management. Further discussions have indicated that the review process will recommence in April 2013 and be based on the Dece...

20 Feb 2013 In Market Alerts

GCR has withdrawn the Assinco rating

GCR has withdrawn Assinco S.A. (“Assinco”) national scale FCFA currency claims paying rating symbol of A(GA) effective immediately. As at the last review in 2011, Assinco’s national scale FCFA currency claims payin...

11 Feb 2013 In Market Alerts

GCR has withdrawn ZSIC GI’s rating

GCR has withdrawn ZSIC General Insurance Limited’s (“ZSIC GI”) national scale rating effective immediately. As at the last review in 2011, ZSIC GI’s national scale rating was BB+(ZM), however, this rating expired...

25 Jan 2013 In Market Alerts

GCR has withdrawn the FCFA rating of Colina Participations’ unsecured bond.

GCR has withdrawn the FCFA rating of Colina Participations’ unsecured bond. The last rating review conducted by GCR was undertaken in November 2011, where a long term rating of BBB+ was reaffirmed, and the rating place...

09 Nov 2012 In Market Alerts

SUBSCRIBER ALERT: GOLDLINK INSURANCE PLC

This serves to inform subscribers of recent developments impacting on Goldlink Insurance PLC. The rating previously accorded to Goldlink Insurance PLC expired in July 2012, and was subsequently withdrawn due to non-prov...

02 Nov 2012 In Market Alerts

GCR withdraws Resolution Insurance Company Limited’s Credit Rating

GCR has withdrawn Resolution Insurance Company Limited’s (“Resolution”) claims paying ability rating of BBB(ZA) (triple B), at the request of the insurer. According to GCR’s rating definitions, this rating reflec...

10 Sep 2012 In Market Alerts

GCR withdraws Zamfara State’s ratings

GCR has withdrawn Zamfara State Government’s (“Zamfara”) domestic issuer rating of BBB(NG) (triple B) and N18.75bn 15.5% fixed rate bond rating of A-(NG) (single A minus). According to GCR’s rating definitions, t...

01 Aug 2012 In Market Alerts

Synergy Industrial Credit Ltd’s ratings withdrawn

Global Credit Rating Co (“GCR”) has withdrawn Synergy Industrial Credit Ltd’s (“Synergy”) Kenyan Shilling long term and short term ratings. The last rating review conducted by GCR was undertaken in June 2011, ...

25 Jul 2012 In Market Alerts

GCR withdraws Cim Insurance Limited’s domestic claims paying ability rating

Global Credit Ratings (“GCR”) has withdrawn Cim Insurance Limited’s (“Cim”) domestic Mauritian Rupee claims paying ability rating of A-(MU) (single A minus). This action follows the acquisition of Cim by Swan ...

03 Jul 2012 In Market Alerts

Interfin Bank placed under curatorship

Subscribers are hereby notified of the recent developments at Interfin Banking Corporation Limited (“Interfin”). This follows the announcement by the Reserve Bank of Zimbabwe to place the bank under the management of...

14 Jun 2012 In Market Alerts

Oando Marketing PLC’s National scale Naira currency long and short term ratings have been withdrawn

Global Credit Rating Co (“GCR”) has withdrawn Oando Marketing PLC’s Nigerian Naira currency rating of: Long term BBB+ (triple B plus) Short term A2 (single A two) GCR has been unable to obtain the information req...

08 Jun 2012 In Market Alerts

ReNaissance Merchant Bank Limited placed under curatorship

On 2 June 2011, the Reserve Bank of Zimbabwe (“RBZ”) placed ReNaissance Merchant Bank Limited (“ReNaissance”), a wholly-owned subsidiary of ReNaissance Financial Holdings Ltd (“RFHL”), under curatorship for s...

01 Jul 2011 In Market Alerts

COMMED’s rating withdrawn

Community Medical Aid Scheme (“COMMED”) has elected to discontinue its contract with GCR, and so, the previously accorded claims paying ability rating of BBB- (triple B minus), Rating Watch, has been withdrawn. Libe...

01 Jun 2011 In Market Alerts

Spectramed’s rating withdrawn

Subscribers are notified that Spectramed has advised that it has taken the decision not to continue with the ratings process, and accordingly the previously accorded claims paying ability rating of A (single A) has been ...

01 May 2011 In Market Alerts

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