Africa’s no.1 rating agency

Accounting for the majority of all ratings accorded on the African continent.

Welcome

GCR rates the full spectrum of security classes and accords both International Scale and National Scale ratings, and together with its international affiliates, rates almost 3000 organisations and debt issues - spanning 4 continents.

Our rating and research activities can be sub-divided into the following key sectors: 1) Financial Institutions: banks and non-bank financial institutions 2) Insurance: short term insurance, assurance, reinsurance & healthcare 3) Corporate and Public Sector Debt: corporates & industrial borrowers; MFI’s; parastatals, utilities & local authorities and 4) Structured Finance & Securitisation.


  • The history of GCR

    The history of GCR

    Global Credit Rating Co. (“GCR”) can trace its origins back to 1996 when it was established as the African Arm of the New York Stock Exchange-listed Duff & Phelps. Very rapid growth followed and within only a short period the group had established itself as the market leader, accounting for the majority of all ratings accorded on the African continent. GCR’s African regional headquarters are based in Johannesburg, with its main SADC, West, and East African regional offices established in Harare, Lagos and Nairobi respectively.

    Find out more »

  • An overview of GCR’s rating definitions

    An overview of GCR’s rating definitions

    GCR defines credit risk as the risk that an entity may not meet its contractual financial obligations as they come due. Credit ratings do not address other risks such as, but not limited to, fraud, organised crime, market liquidity, market value risk, or price volatility. Credit ratings are opinions and not statements of current or historical fact.

    Find out more »

  • An overview of GCR’s subscription services

    An overview of GCR’s subscription services

    GCR’s overriding objective has always been to establish itself as the most credible and cost effective source of information in the marketplace and our exceptional market penetration reflects this subscriber emphasis. In view of the above, GCR established the largest subscriber base in the industry in less than 4 years.

    Find out more »

  • Benefits of a GCR Rating

    Benefits of a GCR Rating

    A favourable rating can immediately result in an increased pool of investors, can facilitate direct access to capital markets and can ultimately result in reduced funding costs. Furthermore, the extensive distribution of the detailed rating report can prove to be a highly effective complement to an organisation’s own investor relations activities.

    Find out more »

1 2 3 4

Latest Headlines


GCR Assigns Final Rating of BBB-(NG) to Wema Funding SPV Plc’s Series 1 Bonds.

Lagos, 21 March 2017—Global Credit Ratings has accorded a public national scale long term rating of BBB-(NG) to Wema Funding SPV Plc’s N6.295bn Series 1 Debt Issuance Programme; with a Stable Outlook. The rating ...

22 Mar 2017 In Rating Notifications

GCR Accords Stanbic IBTC Holdings PLC an Initial Rating of AA-(NG); Outlook Stable

Lagos Nigeria, 16 March 2017 — Global Credit Ratings has today accorded national scale ratings of AA-(NG) and A1+(NG) in the long-term and short-term respectively to Stanbic IBTC Holdings PLC, with the outlook accorded...

16 Mar 2017 In Rating Notifications

GCR Affirms Stanbic IBTC Bank PLC’s rating of AA-(NG); Outlook Stable

Lagos Nigeria, 16 March 2017 — Global Credit Ratings has today affirmed the national scale ratings assigned to Stanbic IBTC Bank PLC of AA-(NG) and A1+(NG) in the long-term and short-term respectively, with the outlook...

16 Mar 2017 In Rating Notifications

GCR Affirms Leadway Assurance Company Limited’s Rating of A+(NG); Outlook Positive

Lagos Nigeria, 02 March 2017 - Global Credit Ratings has affirmed the national scale claims paying ability rating assigned to Leadway Assurance Company Limited of A+(NG), with the outlook accorded as Positive. The rating...

02 Mar 2017 In Rating Notifications

GCR affirms Nigeria Reinsurance Corporation’s rating of BBB+(NG); Outlook Stable.

Lagos Nigeria, 2 March 2017—Global Credit Ratings has affirmed both the national and international scale claims paying ability ratings to Nigeria Reinsurance Corporation at BBB+(NG) and B respectively, with the out...

02 Mar 2017 In Rating Notifications

Criteria for Rating Corporate Entities – Revised Methodology Published

Lagos, 28 February 2017—Global Credit Ratings (“GCR”) has today published an updated Criteria for Rating Corporate Entities (“The Criteria”). This Criteria replaces the version published in February 2016.The Cr...

28 Feb 2017 In GCR Communications

Criteria for Rating Property Funds – Revised Methodology Published

Lagos, 28 February 2017—Global Credit Ratings (“GCR”) has today published an updated Criteria for Rating Property Funds (“The Criteria”). This Criteria replaces the version published in May 2016.GCR accords rat...

28 Feb 2017 In GCR Communications

Click on logo below to view more information about Global Credit Ratings Africa

Recent Rating Reports

15 Feb 2017: AIICO Insurance Plc

15 Feb 2017: Sovereign Trust Insurance Plc

15 Feb 2017: WAICA Reinsurance Corporation Plc

13 Dec 2016: UPDC Real Estate Investment Trust

13 Dec 2016: Aarti Steel Nigeria Limited

13 Dec 2016: FSDH Asset Management Limited

13 Dec 2016: FBN Merchant Bank Limited

13 Dec 2016: Ecobank Nigeria Limited

13 Dec 2016: Custodian Life Assurance Limited

13 Dec 2016: Elephant Group Plc

Purchase Rating Reports

Parties interested in purchasing individual or sectoral rating reports and/or bulletins from Global Credit Rating Company Limited are kindly requested to contact us on the following telephone numbers or email address.

Telephone: (+2341) 462 2648, 460 5001, 0805 615 8393, 0803 352 871

Email: bisi@warltd.com

Email: tunde@globalratings.net

Recent Bulletin Releases
Rating Sectors
Credit Ratings

For a full list of Credit Ratings performed by Global Credit Ratings Company Limited please click here