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South Africa
UploadedNov 2019
The Dashboard covers the period from September 2018 to September 2019 and is part of GCR’s performance monitoring process and does not consti...
South Africa
UploadedNov 2019
The Dashboard covers the period from December 2018 to September 2019 and is part of GCR’s performance monitoring process and does not constit...
South Africa
UploadedNov 2019
The Dashboard covers the period from September 2018 to September 2019 and is part of GCR’s performance monitoring process and does not consti...
South Africa
UploadedNov 2019
The Transaction has two Subordinated Loans outstanding with an aggregate value of R145,645,00. These are unrated and held by Merchant West (Pty) Lt...
South Africa
UploadedOct 2019
GCR modelled the Transaction’s cash flows according to its proposed capital structure and priorities of payments, applying its Criteria for R...
South Africa
UploadedOct 2019
Transaction Capital Limited is an unregulated non-operating holding company (‘NOHC’), actively investing in credit-oriented alternative...
South Africa
UploadedOct 2019
The Dashboard covers the period from June 2018 to September 2019 and is part of GCR’s performance monitoring process and does not constitute...
South Africa
UploadedOct 2019
The Dashboard was updated in October 2019 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the...
South Africa
UploadedOct 2019
The Dashboard covers the period from September 2018 to September 2019 and is part of GCR’s performance monitoring process and does not consti...
South Africa
UploadedOct 2019
Grindrod considers relationships with its customers as the mainstay of the business, hence providing a wide range of personalised products and serv...
South Africa
UploadedOct 2019
The ratings on Lewis Group Limited (“Lewis”, “the group”) reflects its strong financial profile and its well-entrenched loc...
South Africa
UploadedOct 2019
The Dashboard covers the period from August 2017 to August 2019 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedOct 2019
Curro’s ratings are underpinned by the supportive operating environment for private education and relative earnings stability. Against the ba...
South Africa
UploadedOct 2019
The Dashboard covers the period from August 2018 to August 2019 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedOct 2019
SANRAL’s credit rating is premised upon the substantial ongoing financial support provided by the Government of South Africa (“GoSA&rdq...
South Africa
UploadedOct 2019
The Dashboard covers the period from August 2018 to August 2019 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedOct 2019
Structured bond ratings provide an estimate of the expected loss in the event of an Issuer default and are a function of the estimated probability...
South Africa
UploadedOct 2019
The Dashboard covers the period from November 2018 to August 2019 and is part of GCR’s performance monitoring process and does not constitute...
South Africa
UploadedOct 2019
The latest Dashboard covers the period from August 2018 to August 2019 and is part of GCR’s performance monitoring process and does not const...
South Africa
UploadedOct 2019
The Dashboard covers the period from August 2018 to August 2019 and is part of GCR’s performance monitoring process and does not constitute r...
Zimbabwe
UploadedOct 2019
The ratings on Stanbic Bank Zimbabwe Limited (“Stanbic Zimbabwe”), are supported by a strong domestic competitive positioning, reflecte...
South Africa
UploadedOct 2019
enX is predominately characterised by its two largest operating entities Industrial Equipment (“IE”) and FML, housed under enX Leasing...
South Africa
UploadedOct 2019
For the current surveillance, GCR reviewed the Transaction’s performance over the period since the last rating action which took place on the...
South Africa
UploadedOct 2019
The healthcare enquiry found that the three large hospital group maintain a dominant position in terms of providing hospital services, which has se...
South Africa
UploadedOct 2019
The Dashboard was updated in October 2019 and is part of GCR’s monitoring process and does not constitute rating action or rating reports. GC...
South Africa
UploadedOct 2019
The Dashboard covers the period from August 2018 to August 2019 and is part of GCR’s performance monitoring process and does not constitute r...
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
Equites listed on the JSE in June 2014. The REIT’s strategic mandate is to focus exclusively on logistics properties, particularly “big...
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
Vukile’s long-term issuer rating was upgraded to ‘AA-(ZA)’ from ‘A+(ZA)’ by GCR in July 2019. The upgrade was premise...