Terms & Conditions
Contact Us
© 2021 GCR research. All Rights Reserved
South Africa
UploadedApr 2021
GCR believes that South African REITs’ performance fundamentals will remain under pressure in 2021. However, if less restrictive COVID-19 loc...
South Africa
UploadedApr 2021
Momentum Medical Scheme’s national scale financial strength rating reflects a strong membership profile and intermediate financial profile, u...
South Africa
UploadedApr 2021
The Dashboard covers the period from May 2018 to February 2021 and is part of GCR’s performance monitoring process and does not constitute ra...
South Africa
UploadedApr 2021
GCR Ratings (“GCR”) affirmed the long-term issue credit rating of the Class A1 Notes and upgraded the long-term issue credit rating of...
South Africa
UploadedApr 2021
The credit ratings accorded to the Class A Notes relate to timely payment of interest and ultimate payment of principal by Final Maturity Date. The...
South Africa
UploadedApr 2021
The ratings on Buffalo City Metropolitan Municipality’s (“BCMM’, “the City” or “the Metro”) balance its c...
South Africa
UploadedMar 2021
The ratings of NHFC balance very strong capital and liquidity with a weak risk profile characterised by deteriorating asset quality and constrained...
Kenya
UploadedMar 2021
This introduces the tenth East Africa Short-Term Insurance Statistical Bulletin from GCR Ratings (“GCR”). The statistical analysis pres...
Kenya
UploadedMar 2021
Going into the COVID-19 pandemic, the Kenyan banking sector was already experiencing challenges from deteriorating asset quality and moderating gro...
South Africa
UploadedMar 2021
VST1 is a Series under the VRI serialised Programme. VRI is the Issuer under the Programme, which allows the issuance of various Series of Notes ba...
South Africa
UploadedMar 2021
The review of Hospitality Property Fund’s (“HPF”) issuer ratings follows the buyout of its minority shareholders by Tsogo Sun Hot...
South Africa
UploadedMar 2021
MW Asset Rentals (RF) Ltd (the “Issuer”) is a R2.5bn Lease Receivables Backed Note Programme (the “Transaction”) that issue...
South Africa
UploadedMar 2021
The short-term insurance industry outperformed the broader economy, reflecting resilient demand for insurance. Sample gross written premium (&ldquo...
South Africa
UploadedMar 2021
The underperformance of the South African (SA) private healthcare sector during 2020 was a direct result of the COVID-19 pandemic, which has exacer...
South Africa
UploadedMar 2021
The Negative Outlook on Netcare Limited’s (“Netcare” or “the group”) ratings reflect the significant adverse impact t...
Mauritius
UploadedMar 2021
Home Finance Guarantors Africa (Reinsurance) Limited’s (“HFGA Re”) rating balances very strong capitalisation and liquidity with...
South Africa
UploadedMar 2021
Over the near term, no major rating movements are expected within the GCR portfolio, amidst economic challenges emanating from the COVID-19 pandemi...
South Africa
UploadedMar 2021
The national scale financial strength rating for Renasa Insurance Company Limited (“Renasa”) is anchored by strong liquidity, balancing...
South Africa
UploadedMar 2021
New National Assurance Company Limited’s (“NNAC”) national scale financial strength was affirmed with a Stable Outlook, reflectin...
Kenya
UploadedFeb 2021
The ratings on Laikipia balance low levels of leverage, increasing own sources of revenue (“OSR”) generation and ongoing government sup...
South Africa
UploadedFeb 2021
The ratings for Santam (comprising Santam Limited and its subsidiaries) have been maintained on Negative Outlook reflecting continued risks emanati...
Uganda
UploadedFeb 2021
The rating affirmation reflects the insurer’s very strong financial profile, characterised by very strong risk adjusted capitalisation and li...
Kenya
UploadedFeb 2021
GCR rates 21 insurers in the Kenyan insurance industry out of the 67 insurers and reinsurers licensed and regulated by the Insurance Regulatory Aut...
Ghana
UploadedFeb 2021
In February 2021 the Ghanaian president signed the Insurance Bill 2020 into law, replacing the Insurance Act of 2006. The new law includes the addi...
South Africa
UploadedFeb 2021
GCR believes that the Government of South Africa (GoSA) continues to show a strong willingness to support State Owned Entities (SOEs) in most insta...
Zimbabwe
UploadedFeb 2021
The upgrade of Grand Re’s rating reflects a credit enhancement on the insurer’s stand-alone credit profile from the policyholder guaran...
South Africa
UploadedFeb 2021
Bankmed’s national scale financial strength rating reflects the scheme’s very strong solvency and strong liquidity, albeit restrained b...
South Africa
UploadedFeb 2021
GCR Ratings (“GCR”) accorded indicative long-term credit ratings to the various Classes of Notes to be issued by Urban Ubomi 1 (RF) Lim...
South Africa
UploadedFeb 2021
The GCR Ratings Framework is anchored upon the GCR Risk Score. This numerical scoring system, which forms a single analytical approach across multi...
South Africa
UploadedJan 2021
Chubb Insurance South Africa Limited’s (“Chubb SA”) national scale financial strength rating was affirmed with a Stable Outlook,...
Nigeria
UploadedJan 2021
In November 2020, the ‘Banks and Other Financial Institutions Act’ (“BOFIA”) was signed into law by President Muhammadu Buh...
Zimbabwe
UploadedDec 2020
The ratings on Stanbic Bank Zimbabwe Limited (“Stanbic Zimbabwe”) reflect the bank’s sound business profile supported by above av...
Tanzania
UploadedDec 2020
The Heritage Insurance Company Tanzania Limited’s (“Heritage Tanzania”) national scale financial strength rating reflects its str...
South Africa
UploadedDec 2020
The affirmation of Fortress REIT Limited’s (“Fortress”) ratings on 09 December 2020 reflects the REIT’s large, diverse, and...
South Africa
UploadedDec 2020
The Negative Outlook reflects GCR’s concerns that renewed COVID-19 related disruptions will place further pressures on Murray & Roberts H...
Kenya
UploadedDec 2020
Occidental Insurance Company Limited’s (“OIC Kenya”) rating is anchored by strong risk adjusted capitalisation, balancing interme...
South Africa
UploadedDec 2020
GCR Ratings (“GCR”) assigned issue credit ratings to the Class A6, Class B6 and Class C6 Notes issued under the South African Securitis...
Kenya
UploadedDec 2020
The rating downgrade follows a deterioration in the credit profile of the group, headed by CIC Insurance Group PLC, the majority shareholder in CIC...
South Africa
UploadedDec 2020
The affirmation of KAP Industrial Holdings Limited’s (“KAP”) ratings on 20 November 2020 reflects the expectation that the group&...