Corporate & Public Sector Debt Ratings

GCR’s Criteria For Rating Corporate Entities

Corporate & Public Sector Debt Ratings

Contact Details

Sector Head: Eyal Shevel
T: +27 11 784 1771
E: .(JavaScript must be enabled to view this email address)

Overview

GCR’s rating approach employs analytical techniques that incorporate quantitative and qualitative factors. Our ratings reflect an evaluation of the organisation’s current financial position, as well as how the financial position may change in the future. In addition, our analysis focuses on a range of administrative, economic and operational factors. GCR examines the ability of the organisation to meet its obligations under reasonable and stressful scenarios. Although this methodology focuses on rating general obligations, it is also relevant to specific debt issues. GCR’s objective is to assign ratings that are applicable throughout the various stages of a business cycle.

Methodologies

Please click here for a Glossary of Terms
                               
Global Master Criteria for Rating Corporate Entities, updated February 2018
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Global Criteria for Rating Property Funds, updated February 2018
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Global Master Criteria for Rating Public Entities, updated February 2018
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Global Criteria for Rating Water Utilities, released February 2018
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Global Criteria for Rating Power Utilities, released October 2017
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Articles of Interest

RETAIL PROPERTY FUND SECTOR DESPITE WEAK OPERATING ENVIRONMENT, APRIL 2014
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GROWING DEMAND FOR SERVICES IN MUNICIPAL SECTOR BUT FUNDING REMAINS A CHALLENGE, MARCH 2014.
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SA’S SMALL CORPORATES OPTING FOR BOND ISSUES IN 2013.
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PROPERTY GROUPS LOOKING TOWARDS RURAL AREAS FOR GROWTH.
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SA CONSTRUCTION SECTOR MUST LOOK BEYOND BORDERS FOR GROWTH.
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