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South Africa
UploadedNov 2020
The Dashboard covers the period from September 2019 to September 2020 and is part of GCR’s performance monitoring process and does not consti...
South Africa
UploadedOct 2020
The Dashboard covers the period from August 2019 to August 2020 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedOct 2020
In August 2020, the Top 50 Largest Lessees concentration limit was breached (40.51% vs. covenant: 40%). This was due to an Arrears element on some...
South Africa
UploadedOct 2020
The Dashboard covers the period from May 2018 to August 2020 and is part of GCR’s performance monitoring process and does not constitute rati...
South Africa
UploadedSep 2020
The Dashboard covers the period from July 2019 to July 2020 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedSep 2020
The Dashboard covers the period from November 2018 to August 2020 and is part of GCR’s performance monitoring process and does not constitute...
South Africa
UploadedSep 2020
For July 2020, the 3 Month Average NPL / NPV of Leases, early amortisation trigger was reported at 2.97% marginally close to the 3% covenant. Refle...
South Africa
UploadedSep 2020
The Dashboard was updated in September 2020 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update th...
South Africa
UploadedSep 2020
The Dashboard covers the period from July 2019 to July 2020 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedAug 2020
The Dashboard covers the period from June 2019 to June 2020 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedAug 2020
The months of May and June 2020 saw an increase in arrears and a relative decrease in collections to book balance. This is reflective of the impact...
South Africa
UploadedAug 2020
The Dashboard was updated in August 2020 and is part of GCR’s monitoring process and does not constitute rating action or rating report. GCR...
South Africa
UploadedAug 2020
Fully Performing Leases (+ leases up to 30 days in arrears) as a percentage of book exposure was the lowest since October 2016 at 90.4% in June 202...
South Africa
UploadedAug 2020
Annualised negative excess spread of -1.8% was reported at May 2020. This reflects the impact of the economic lockdown implemented in the months of...
South Africa
UploadedJul 2020
The Dashboard was updated in July 2020 and is part of GCR’s monitoring process and does not constitute rating action or rating reports. GCR w...
South Africa
UploadedJul 2020
The Dashboard covers the period from June 2019 to June 2020 and is part of GCR’s performance monitoring process and does not constitute ratin...
South Africa
UploadedJul 2020
The yield increased to 17% in May 2020 from 13% mainly due to an increase in Evergreens (R4m in the month of May).
South Africa
UploadedJul 2020
For March and April 2020, the percentage Overcollateralisation covenant is still at the 10% required level. However, the proportion of performing a...
South Africa
UploadedJul 2020
The yield was reported at 24.2% (the highest since August 2015) for the month of May 2020. Due to an increase in the early settlement profits which...
South Africa
UploadedJun 2020
The Dashboard was updated in June 2020 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the Das...
South Africa
UploadedJun 2020
The Dashboard covers the period from November 2018 to May 2020 and is part of GCR’s performance monitoring process and does not constitute ra...
South Africa
UploadedJun 2020
In April 2020, the "Aggregate Net Defaults for last 12 Months" Performance Test was above the 2.7% limit at 2.76%.
South Africa
UploadedJun 2020
The April 2020 performance of which the South African economy was on level 5 lockdown, has remained broadly in line with pre-COVID-19 months. GCR n...
South Africa
UploadedJun 2020
The Dashboard covers the period from March 2019 to March 2020 and is part of GCR’s performance monitoring process and does not constitute rat...
South Africa
UploadedMay 2020
The Dashboard covers the period from March 2019 to March 2020 and is part of GCR’s performance monitoring process and does not constitute rat...
South Africa
UploadedMay 2020
In January 2020, previously excluded bad debts recovered relating to actual write-offs was included as part of monthly recoveries. The "Aggreg...
South Africa
UploadedMay 2020
The Dashboard covers the period from March 2019 to March 2020 and is part of GCR’s performance monitoring process and does not constitute rat...
South Africa
UploadedMay 2020
The Dashboard covers the period from March 2019 to March 2020 and is part of GCR’s performance monitoring process and does not constitute rat...
South Africa
UploadedMay 2020
The Dashboard was updated in April 2020 and is part of GCR’s monitoring process and does not constitute rating action. GCR will update the Da...
South Africa
UploadedApr 2020
The Dashboard covers the period from February 2019 to February 2020 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedApr 2020
The Dashboard covers the period from May 2018 to February 2020 and is part of GCR’s performance monitoring process and does not constitute ra...
South Africa
UploadedApr 2020
In January 2020, previously excluded bad debts recovered relating to actual write-offs was included as part of monthly recoveries. The "Aggreg...
South Africa
UploadedApr 2020
The Dashboard covers the period from November 2018 to February 2020 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedApr 2020
The Dashboard covers the period from February 2019 to February 2020 and is part of GCR’s performance monitoring process and does not constitu...
South Africa
UploadedApr 2020
On 30 March 2020, GCR affirmed and withdrew the ratings assigned to the notes issued by Fox Street 3 (RF) Ltd following their acquisition by the Or...
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
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
From July 2019, the covenant relating to the minimum Equipment Leases which include maintenance obligations in terms of Maintenance Agreement on th...
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...