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 Stanbic IBTC Bank PLC’s National Scale Rating of AA-(NG); Outlook Stable.

Lagos Nigeria, 08 August 2018 -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 and short term respectively; with the outlook accord...

08 Aug 2018 In Rating Notifications

GCR extends validity of Forte Oil PLC’s National Scale Ratings

Lagos, 03 August 2018—Global Credit Ratings has extended the validity of the long term national scale Issuer rating of A-(NG) and short term rating of A1-(NG) assigned to Forte Oil PLC (“Forte” or “the Group...

06 Aug 2018 In Market Alerts

GCR Affirms Coronation Merchant Bank Limited’s National Scale Rating Of A-(NG); Outlook Stable.

Lagos Nigeria, 3 August 2018—Global Credit Ratings has accorded national scale long term and short term ratings of A-(NG) and A2(NG) respectively, to Coronation Merchant Bank Limited; with the outlook accorded as S...

03 Aug 2018 In Rating Notifications

GCR assigns Eterna PLC a first time long term Issuer rating of BBB(NG); Outlook Stable

Lagos, 2 August 2018—Global Credit Ratings has assigned long term and short term national scale Issuer ratings of BBB(NG) and A2(NG) respectively to Eterna PLC. The ratings have been placed on a ‘Stable’ outloo...

02 Aug 2018 In Rating Notifications

GCR extends validity of Fidson Healthcare PLC’s National Scale Ratings

Lagos, 31 July 2018—Global Credit Ratings has extended the validity of the long term national scale Issuer rating of BBB(NG) and short term rating of A3(NG) assigned to Fidson Healthcare PLC (“Fidson” or “the...

01 Aug 2018 In Market Alerts

GCR Places Viathan Funding Plc’s Series 1 Senior Guaranteed Bonds rating ‘Under Review’

Lagos, 1 August 2018—Global Credit Ratings has placed the final public long term rating of ‘AAA(NG)’ accorded to the Series 1 Senior Guaranteed Fixed Rate Bonds issued by Viathan Funding Plc (“VFP”) ‘Unde...

01 Aug 2018 In Market Alerts

Expiry of Depthwize Funding Company Plc’s Series 1 Bonds’ Indicative Rating

Lagos, 1 August 2018— The indicative public long term national scale rating of A-(NG) accorded by Global Credit Ratings to Depthwize Funding Company Plc’s proposed N20bn Series 1 Senior Secured Fixed Rate Bonds has ...

01 Aug 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