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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
The Dashboard covers the period from December 2018 to June 2019 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedSep 2019
The latest Dashboard covers the period from July 2018 to July 2019 and is part of GCR’s performance monitoring process and does not constitut...
South Africa
UploadedSep 2019
Securitisation is seen as an alternative to on-balance sheet funding and a form of disintermediation, allowing corporates and other institutions to...
South Africa
UploadedSep 2019
GCR is of the view that the domestic education sector reflects lower than average cyclicality. However, the government’s role in ensuring a c...
South Africa
UploadedSep 2019
The Dashboard covers the period from July 2018 to July 2019 and is part of GCR’s performance monitoring process and does not constitute ratin...
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
The Dashboard covers the period from June 2018 to June 2019 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedAug 2019
The Dashboard covers the period from June 2018 to June 2019 and is part of GCR’s performance monitoring process and does not constitute ratin...
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
The Dashboard covers the period from July 2018 to July 2019 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedAug 2019
The Dashboard was updated in August 2019 and is part of GCR’s monitoring process and does not constitute rating action. For rating reports cl...
South Africa
UploadedAug 2019
The Dashboard was updated in August 2019 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the D...
South Africa
UploadedAug 2019
Compass Securitisation (RF) Limited (“Compass”, “the Issuer”) is a ZAR1bn Equipment Receivables Backed Note Programme estab...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Mmela Mobility Finance (RF) Ltd transaction, which include credit enhancement levels,...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Nitro Securitisation 6 (RF) Ltd transaction, which include credit enhancement levels,...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Fox Street 6 (RF) Ltd transaction, which include credit enhancement levels, excess sp...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Thekwini Fund 12 (RF) Ltd transaction, which include credit enhancement levels, exces...
South Africa
UploadedJul 2019
GCR has a strong overall view of the South African property industry. This is based on a number of underlying strengths that have resulted in robus...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Fox Street 3 (RF) Ltd transaction, which include credit enhancement levels, excess sp...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the Compass Securitisation (RF) Ltd transaction, which include credit enhancement levels,...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the MW Asset Rental (RF) Ltd transaction, which include credit enhancement levels, excess...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the South African Securitisation Programme (RF) Ltd – Series 1 transaction, which i...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the South African Securitisation Programme (RF) Ltd – Series 2 transaction, which i...
South Africa
UploadedJul 2019
The Dashboard exhibits key performance metrics related to the South African Securitisation Programme (RF) Ltd – Series 3 transaction, which i...
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...
Kenya
UploadedMay 2019
This introduces GCR Ratings (“GCR”) first Short Term Insurance Compendium for Sub-Saharan Africa. In this publication, GCR provides a b...
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...
South Africa
UploadedMay 2019
The final, public credit ratings accorded to the Class B and C Notes relate to timely payment of interest and ultimate payment of principal by the...
South Africa
UploadedMay 2019
The transaction benefits from an aggregate R189.4m that comprises the unrated Subordinated Loan and First Loss Loan which are partially used to fun...
South Africa
UploadedMay 2019
iNkotha is an RMB managed structured funding vehicle that advances Rand denominated overnight call loans to South African corporates, as well as So...