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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...
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...
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...
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 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...
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...
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 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...
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...
South Africa
UploadedMar 2020
GCR expects the financial profiles of South African REITs to weaken, as the range of funding options available to them increasingly narrows. Base p...
South Africa
UploadedMar 2020
The ratings on Netcare Limited reflect the group’s modest leverage profile, alongside its strong domestic market position and stable earnings...
South Africa
UploadedMar 2020
From July 2019, the covenant relating to the minimum Equipment Leases which include maintenance obligations in terms of Maintenance Agreement on th...
Kenya
UploadedMar 2020
The ratings reflect the County Government of Makueni’s stable financial profile underpinned by the consistent transfers from National Governm...
Kenya
UploadedMar 2020
The ratings on the County Government of Kisumu reflect the deterioration in operating performance and weak audit outcomes. This is counterbalanced...
Kenya
UploadedMar 2020
The ratings on the County Government of Bungoma (“Bungoma County”) reflects its strong financial profile and ongoing government support...
Tanzania
UploadedMar 2020
The Heritage Insurance Company Tanzania’s national scale financial strength rating reflects a strong financial profile, which is complemented...
South Africa
UploadedMar 2020
This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...
South Africa
UploadedMar 2020
GCR Ratings affirmed the short-term programme rating assigned to the Class A Notes issued by Vineyard Road Investments (RF) Ltd under the Vineyard...
South Africa
UploadedMar 2020
The rating of CC(ZA) accorded to Rebosis Property Fund is not derived from the ACE but is rather a factor of expected default scenario.The graphs p...
South Africa
UploadedMar 2020
The excess spread including a provision for NPLs which is a trigger to end the Revolving period is close to zero (which is the minimum) at December...
South Africa
UploadedFeb 2020
The Dashboard covers the period from January 2019 to January 2020 and is part of GCR’s performance monitoring process and does not constitute...
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
UploadedFeb 2020
From October 2019, the Liquidity Reserve now excludes the excess cash in the transaction, previously reported as "Accrual for Tax and Vat"...
South Africa
UploadedFeb 2020
The net default trigger was retrospectively recalculated in December 2019 due to two reasons.
UploadedFeb 2020
Manufacturing production figures released by Stats SA paint a bleak picture for the local industry. Since June 2019, there has been a sustained con...
South Africa
UploadedFeb 2020
The Dashboard covers the period from June 2018 to December 2019 and is part of GCR’s performance monitoring process and does not constitute r...
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
The Dashboard covers the period from December 2018 to December 2019 and is part of GCR’s performance monitoring process and does not constitu...
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
UploadedJan 2020
The Dashboard covers the period from December 2018 to December 2019 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedJan 2020
The Dashboard covers the period from December 2018 to December 2019 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedJan 2020
The Dashboard covers the period from November 2017 to November 2019 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedJan 2020
The Dashboard was updated in January 2020 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the...
South Africa
UploadedJan 2020
If you are interested in the underlying scores, ratings or a more detailed score breakdown for any of the issuers mentioned, or the methodologies t...
South Africa
UploadedJan 2020
The Dashboard covers the period from November 2018 to November 2019 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedJan 2020
The Dashboard covers the period from November 2018 to November 2019 and is part of GCR’s performance monitoring process and does not constitu...