MW Asset Rentals (RF) Ltd (Monitoring Dashboard)

South Africa

UploadedApr 2020

The Dashboard covers the period from February 2019 to February 2020 and is part of GCR’s performance monitoring process and does not constitu...

Kenyan insurance industry to be positively impacted by successful enforcement of the cash and carry regulation

Kenya

UploadedApr 2020

Significant reduction in credit exposure coupled with improvements in risk adjusted capitalisation metrics is expected following strict enforcement...

Fox Street 3 (RF) Ltd (Monitoring Dashboard)

South Africa

UploadedApr 2020

On 30 March 2020, GCR affirmed and withdrew the ratings assigned to the notes issued by Fox Street 3 (RF) Ltd following their acquisition by the Or...

Pandemics and economic shocks: in 2020 Country Risks are rising fast but risk differentiation is not yet clear

South Africa

UploadedMar 2020

The global response to the Covid-19 Pandemic will extinguish global economic growth in 2020. To date, the pandemic has been largely located in the...

Zimbabwean Banks to face asset quality and liquidity pressures stemming from the impact of COVID-19

Zimbabwe

UploadedMar 2020

COVID-19 imposed global restrictions may stem foreign currency inflows and GCR expects foreign currency liquidity to decrease. As such, GCR anticip...

Global Equity Investments Ltd (Monitoring Dashboard)

South Africa

UploadedMar 2020

The Dashboard was updated in March 2020 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the Da...

Credit Outlook on South African Medical Schemes Amidst The COVID-19 Pandemic

South Africa

UploadedMar 2020

Despite potential earnings strain, GCR expects most rated schemes to remain resilient, given sufficient reserve buffers, although schemes with lowe...

South African Securitisation Programme (RF) Limited - Series 1 (Monitoring Dashboard)

South Africa

UploadedMar 2020

The net default trigger was retrospectively recalculated in December 2019 due to two reasons:

1. The calculation of the denominator the &ldqu...

iMpumelelo CP Note Programme 1 (RF) Ltd (Monitoring Dashboard)

South Africa

UploadedMar 2020

The Dashboard was updated in March 2020 and is part of GCR’s monitoring process and does not constitute rating action or rating reports. GCR...

Structured Finance Trends: 2019 Review and 2020 Outlook

South Africa

UploadedMar 2020

2020 is shaping up to be an even more challenging year than 2019 and, of course, the exact local and global impact of the COVID-19 pandemic is curr...

Corporate Performance Infected by COVID-19

South Africa

UploadedMar 2020

GCR expects the shut down due to the COVID-19 to have a broad negative impact across the economy, albeit that the severity will differ from sector...

South African Financial Institutions Special Report

South Africa

UploadedMar 2020

2020 is shaping up to be an even more challenging year than 2019 and, of course, the exact local and global impact of the COVID-19 pandemic is curr...