Terms & Conditions
Contact Us
© 2020 GCR research. All Rights Reserved
South Africa
UploadedFeb 2020
On 21 February 2020, GCR Ratings (“GCR”) affirmed the public short-term issue Programme credit rating to the Senior Secured ABCP Series...
Mozambique
UploadedFeb 2020
The national scale financial strength rating of Global Alliance Seguros, S.A. reflects its access to operational and technical support from the par...
South Africa
UploadedFeb 2020
GCR Ratings affirmed the national scale short-term credit ratings of ‘A1+(ZA)(sf)’ assigned to the Asset Backed Commercial Paper ...
South Africa
UploadedJan 2020
Hosmed's national scale financial strength rating reflects the scheme’s adequate solvency and strong liquidity. Offsetting these is the l...
South Africa
UploadedJan 2020
GCR Ratings assigned public long-term issue credit ratings to AB Finco 1 (RF) Limited (“AB Finco 1” or the “Issuer”)...
South Africa
UploadedJan 2020
Chubb SA rating is underpinned by a strong financial profile which reflects a high level of capital and liquidity strength and sound earnings. The...
South Africa
UploadedJan 2020
Fedhealth Medical Scheme’s (“Fedhealth”) rating is underpinned by a strong financial profile (a function of strong solvency, soun...
South Africa
UploadedDec 2019
Centriq Insurance Company Limited's (“Centriq”) national scale financial strength rating reflects a high level of stability within...
South Africa
UploadedDec 2019
ETH is a key hub of economic activity, representing approximately 7% of domestic GDP and just over 60% of the KwaZulu Natal province’s produc...
South Africa
UploadedDec 2019
Medshield is a not-for-profit medical scheme operating in South Africa, providing medical cover to approximately 165,401 beneficiaries at FY18. The...
South Africa
UploadedDec 2019
SASP 2 is the second of three series of the R5bn Multi-Seller Segregated Asset-Backed Note Programme of rental and equipment lease financed assets...
South Africa
UploadedDec 2019
MW Asset Rentals (RF) Ltd (the “Issuer”) is a R2.5bn Lease Receivables Backed Note Programme (the “Transaction”) that issue...
South Africa
UploadedNov 2019
GCR modelled the Transaction’s cash flows according to its final capital structure and priorities of payments, applying its Criteria for Rati...
South Africa
UploadedNov 2019
The Transaction has two Subordinated Loans outstanding with an aggregate value of R145,645,00. These are unrated and held by Merchant West (Pty) Lt...
South Africa
UploadedOct 2019
Transaction Capital Limited is an unregulated non-operating holding company (‘NOHC’), actively investing in credit-oriented alternative...
South Africa
UploadedOct 2019
Grindrod considers relationships with its customers as the mainstay of the business, hence providing a wide range of personalised products and serv...
South Africa
UploadedOct 2019
The ratings on Lewis Group Limited (“Lewis”, “the group”) reflects its strong financial profile and its well-entrenched loc...
South Africa
UploadedOct 2019
Curro’s ratings are underpinned by the supportive operating environment for private education and relative earnings stability. Against the ba...
South Africa
UploadedOct 2019
SANRAL’s credit rating is premised upon the substantial ongoing financial support provided by the Government of South Africa (“GoSA&rdq...
South Africa
UploadedOct 2019
Structured bond ratings provide an estimate of the expected loss in the event of an Issuer default and are a function of the estimated probability...
Zimbabwe
UploadedOct 2019
The ratings on Stanbic Bank Zimbabwe Limited (“Stanbic Zimbabwe”), are supported by a strong domestic competitive positioning, reflecte...
South Africa
UploadedOct 2019
enX is predominately characterised by its two largest operating entities Industrial Equipment (“IE”) and FML, housed under enX Leasing...
South Africa
UploadedOct 2019
For the current surveillance, GCR reviewed the Transaction’s performance over the period since the last rating action which took place on the...
South Africa
UploadedSep 2019
Equites listed on the JSE in June 2014. The REIT’s strategic mandate is to focus exclusively on logistics properties, particularly “big...
South Africa
UploadedSep 2019
The capital structure remained unchanged post the 19 August 2019 issuance of R230m in Class A27 Notes (refinancing maturing R230m Class A23 Notes),...
South Africa
UploadedSep 2019
The capital structure has remained unchanged post the 15 August 2019 issuance of R259m in Class A5 Notes (refinancing maturing R259m Class A1 Notes...
South Africa
UploadedSep 2019
Afrox is Southern Africa’s leading industrial gases, liquified petroleum gas (“LPG”) and welding products group, with a direct pr...
South Africa
UploadedAug 2019
Vukile Property Fund Limited (“Vukile”) is a JSE-listed REIT with a retail-oriented investment strategy, whose asset base is underpinne...
South Africa
UploadedAug 2019
The fund’s objective is to offer a specialist income generating portfolio that substantially tracks the South African short-term interest rat...
South Africa
UploadedAug 2019
Vukile’s long-term issuer rating was upgraded to ‘AA-(ZA)’ from ‘A+(ZA)’ by GCR in July 2019. The upgrade was premise...
South Africa
UploadedAug 2019
Listed in 2003 as a property unit trust (“PUT”) under the Collective Investments Scheme Control Act (“CISCA”), Emira (the r...
South Africa
UploadedAug 2019
The South African Securitisation Programme (RF) Limited – Series 1 (“SASP 1”) is the first of three series in a R5bn multi-seller...
South Africa
UploadedAug 2019
Compass Securitisation (RF) Limited (“Compass”, “the Issuer”) is a ZAR1bn Equipment Receivables Backed Note Programme estab...
South Africa
UploadedJun 2019
AECI is a leading manufacturer and supplier of mining explosives and chemicals in Africa. Specifically, its mining explosives business is one of th...
South Africa
UploadedJun 2019
The rating on King Cetshwayo District Municipality (‘KCDM’) reflects the relatively strong South African sector score for local authori...
Botswana
UploadedJun 2019
This introduces GCR Ratings (“GCR”) first Short Term Insurance Compendium for Sub-Saharan Africa. In this publication, GCR provides a b...
South Africa
UploadedJun 2019
The South African Securitisation Programme (RF) Limited – Series 2 (“SASP 2”) is a revolving series and the second of three serie...
South Africa
UploadedJun 2019
The South African Securitisation Programme (RF) Limited – Series 3 (“SASP 3”) is a revolving series and the third of three series...
South Africa
UploadedJun 2019
The South African Securitisation Programme (RF) Limited – Series 1 (“SASP 1”) is the first of three series in a R5bn multi-seller...
South Africa
UploadedMay 2019
The rating of the Series 2 Notes is credit-linked to the long-term unsecured credit ratings of the underlying Borrower. The rating of the Series 3...