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.

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  • 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.

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  • 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.

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  • 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.

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Latest Headlines


GCR affirms Continental Transfert Technique Ltd.’s National Scale Rating at BBB+(NG); Outlook Stable

Lagos, 19 October 2018—Global Credit Ratings has affirmed the long term and short term national scale Issuer ratings of BBB+(NG) and A2(NG) respectively, assigned to Continental Transfert Technique Limited with the...

19 Oct 2018 In Rating Notifications

GCR Downgrades FCMB Financing SPV Plc’s Series 1, Series 2 and Series 3 Bonds Ratings.

Lagos, 03 October 2018—Global Credit Ratings has downgraded the national scale long term credit ratings accorded to Series 1, Series 2 and Series 3 Bonds, issued under FCMB Financing SPV Plc’s N100bn Debt Iss...

12 Oct 2018 In Rating Notifications

GCR Assigns One Finance and Investment Limited a National Scale Long-term Rating of BB(NG)

Lagos, 08 October 2018—Global Credit Ratings has accorded to One Finance and Investment Limited first time, national scale long-term rating of BB(NG); with the outlook accorded as Stable. The rating is valid until ...

09 Oct 2018 In Rating Notifications

GCR extends the ‘Under Review’ Notice Placed on NMRC’s National Scale Ratings.

Lagos, 05 October 2018—Global Credit Ratings (“GCR”) has extended the ‘Under Review’ placed on Nigeria Mortgage Refinance Company Plc’s national scale long-term and short-term ratings of BBB+(NG) and A2(NG) r...

05 Oct 2018 In Market Alerts

GCR extends the ‘Under Review’ Notice Placed on NMRC’s Series 1 Bonds.

Lagos, 05 October 2018—Global Credit Ratings (“GCR”) has extended the ‘Under Review’ Notice placed on Nigeria Mortgage Refinance Company Plc’s national scale long term rating of AAA(NG)(sf) on N7.68bn Series ...

05 Oct 2018 In Market Alerts

GCR extends the ‘Under Review’ Notice on LAPO Microfinance Bank Limited’s National Scale Ratings

Lagos, 05 October 2018—Global Credit Ratings (“GCR”) has extended the “Under Review” notice placed on LAPO Microfinance Bank Limited’s national scale long-term and short-term ratings of BBB+(NG) and A2(NG) re...

05 Oct 2018 In Market Alerts

GCR extends the ‘Under Review’ Notice placed on LAPO MFB SPV Plc Series 1 Bonds.

Lagos, 05 October 2018—Global Credit Ratings (“GCR”) has extended the “Under Review” notice placed on LAPO MFB SPV Plc Series 1 Bonds’ national scale long-term rating of BBB+(NG).  While the rating recen...

05 Oct 2018 In Market Alerts

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Recent Rating Reports

06 Jul 2018: Dufil Prima Foods PLC

06 Jul 2018: Ecobank Nigeria Limited

06 Jul 2018: Sterling Bank Plc

06 Jul 2018: Wema Bank Plc

06 Jul 2018: Mixta Real Estate Plc

23 May 2018: Mixta Real Estate Plc

23 May 2018: LAPO Microfinance Bank Limited

23 May 2018: WAICA Reinsurance Corporation Plc

23 May 2018: Nigerian Breweries Plc

23 May 2018: AIICO Insurance 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) 904 9462-3, 904 9466, 0805 615 8393, 0803 352 7871

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