Terms & Conditions
Contact Us
© 2021 GCR research. All Rights Reserved
Namibia
UploadedMay 2021
Oryx’s property portfolio is underpinned by good quality assets in prime locations in Namibia, with high tenant quality and well laddered lea...
Madagascar
UploadedMay 2021
Despite experiencing premium growth challenges over the past three years, ARO managed to sustain a very strong competitive position over the corres...
South Africa
UploadedMay 2021
The Issuer is a Rand Merchant Bank (“RMB”) managed structured funding vehicle that advances rand denominated overnight call loans to So...
Zimbabwe
UploadedMay 2021
Zimnat Life Assurance Company Limited’s rating is anchored by a strong financial profile, supported by sound risk adjusted capitalisation, co...
Uganda
UploadedApr 2021
Earnings capacity is expected to persist within an intermediate range, albeit under pressure, reflecting underwriting profit dilution from less pro...
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
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...
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 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
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...
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
UploadedJan 2021
Chubb Insurance South Africa Limited’s (“Chubb SA”) national scale financial strength rating was affirmed with a Stable Outlook,...
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&...
South Africa
UploadedDec 2020
The downgrade of Retail Capital Limited’s (‘Retail Capital’, ‘the company’) international scale rating reflects the s...
Zimbabwe
UploadedDec 2020
First Mutual Reinsurance Company Limited’s (“First Mutual Re”) rating is anchored by sound capitalisation and liquidity. Neverthe...
Kenya
UploadedDec 2020
The rating for ICEA LION Life Assurance Company Limited (“ICEA LION Life”) reflects the strengths and weaknesses of the consolidated su...
Zimbabwe
UploadedDec 2020
The national scale issuer ratings on Nedbank Zimbabwe Limited (“Nedbank Zimbabwe”, “the bank”) take into account the bank&r...
South Africa
UploadedDec 2020
The national scale financial strength rating for Compass Insurance Company Limited’s (“Compass Insure”) reflects a strong financi...
South Africa
UploadedDec 2020
The downgrade of Sasfin Bank Limited’s (‘Sasfin’, ‘the bank’) international scale rating reflects the strained operat...
South Africa
UploadedDec 2020
Resilient REIT Limited’s (“Resilient” or “the REIT”) credit ratings counterbalance its asset management rigour and co...
South Africa
UploadedDec 2020
GCR accorded ratings to City of Tshwane Metropolitan Municipality (“Tshwane” or “the metro”). The ratings on Tshwane balanc...