Credit Spotlight: Environmental, Social and Governance Considerations and Issuer Credit Ratings

South Africa

UploadedAug 2021

GCR’s ratings factor in a myriad of environmental, social and governance (ESG) considerations into issuer credit ratings. The below highlight...

GCR Risk Score Snapshot as of 19th July 2021

South Africa

UploadedAug 2021

The GCR Ratings Framework is anchored upon the GCR Risk Score. This numerical scoring system, which forms a single analytical approach across multi...

Credit Spotlight: Additional Considerations for Rating Islamic Finance Institutions and Sukuk

Nigeria

UploadedAug 2021

GCR’s ratings on Islamic Finance institutions (IFI) and sukuk are not subject to distinct ratings criteria, despite very specific features. O...

Credit Spotlight: Civil Unrest and Ratings in South Africa

South Africa

UploadedJul 2021

GCR Ratings has taken note of the recent geopolitical events from 7 July 2021 which sparked violent looting and riots in Kwa-Zulu Natal and Gauteng...

The Importance of Portfolio Covenants and Early Amortisation Triggers in Revolving Securitisation Transactions

South Africa

UploadedJul 2021

Securitisations are either structured as amortising or revolving transactions whereby the principal collections from the asset portfolio are used t...

Nigeria’s Capital Markets: Robust Corporate Debt Issuance Expected Over 2021

Nigeria

UploadedMay 2021

GCR expects corporate debt issuance in Nigeria to remain robust throughout 2021. Debt capital market activity in Nigeria has increased significantl...

GCR Risk Score Snapshot as of 10th Feb 2021

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...

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

South Africa

UploadedJul 2020

• GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
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Rating Securitisation Transactions Involving Intermediate SPVs

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...

GCR Risk Score Snapshot as of Dec 31st 2019

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...

SECURITISATION 101

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...

Short Term Insurance Industry Compendium - Sub-Saharan Africa

Kenya

UploadedMay 2019

This introduces GCR Ratings (“GCR”) first Short Term Insurance Compendium for Sub-Saharan Africa. In this publication, GCR provides a b...