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

South Africa

UploadedJul 2020

The yield was reported at 24.2% (the highest since August 2015) for the month of May 2020. Due to an increase in the early settlement profits which...

Credit Spotlight: Issuer Credit Ratings, Issue Credit Ratings and Expected Loss (‘EL’) Ratings

South Africa

UploadedJun 2020

Key highlights of the research are:

• GCR definitions for issue(r) and expected loss ratings, together with a synopsis of when a particula...
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South African Banking sector under pressure, with key credit quality indicators expected to follow a negative trend through 2020.

South Africa

UploadedJun 2020

The onset of the Covid-19 pandemic has compounded an already strained operating environment and will have a negative impact on asset quality for th...

African Banking Sectors and the Covid-19 crisis: First in, First out?

South Africa

UploadedJun 2020

GCR takes three African banking hubs, from the South, East and West of the continent and provides an opinion on how the banking sectors will cope w...

Fox Street 6 (RF) Ltd (Monitoring Dashboard)

South Africa

UploadedJun 2020

The Dashboard covers the period from November 2018 to May 2020 and is part of GCR’s performance monitoring process and does not constitute ra...

Global Equity Investments Ltd (Monitoring Dashboard)

South Africa

UploadedJun 2020

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

Assurances CIMA

Cote d'Ivoire

UploadedJun 2020

Bien que l'article 13 du code de la Conférence Interafricaine des Marchés d'Assurance (« CIMA ») devrait ré...

South African Securitisation Programme (RF) Limited Series 3 (Monitoring Dashboard)

South Africa

UploadedJun 2020

The April 2020 performance of which the South African economy was on level 5 lockdown, has remained broadly in line with pre-COVID-19 months. GCR n...

Compass Securitisation (RF) Limited (Monitoring Dashboard)

South Africa

UploadedJun 2020

In April 2020, the "Aggregate Net Defaults for last 12 Months" Performance Test was above the 2.7% limit at 2.76%.

AECI Limited Rated

South Africa

UploadedJun 2020

The ratings reflect AECI Limited’s fiscal discipline, demonstrably robust liquidity, as well as the strong global positioning of its Mining S...

TUHF Urban Finance (RF) Ltd (Monitoring Dashboard)

South Africa

UploadedJun 2020

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

Oryx Properties Limited

Namibia

UploadedMay 2020

The ratings counterbalance Oryx Properties Limited’s (“Oryx” or “the fund”) small and highly concentrated portfolio a...