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 Custodian Life Assurance Limited’s rating of A-(NG); Rating Watch.

Lagos Nigeria, 11 May 2017—Global Credit Ratings has affirmed the financial strength rating assigned to Custodian Life Assurance Limited at A-(NG), with the rating maintained on Watch. The rating is valid until Sep...

11 May 2017 In Rating Notifications

GCR Affirms First City Monument Bank Limited’s National Scale Rating of A-(NG); Outlook Negative.

Lagos, 02 May 2017—Global Credit Ratings has affirmed First City Monument Bank Limited’s (“FCMB” or “the bank”), public national scale ratings of A-(NG) and A2(NG), in the long and short term respectively...

03 May 2017 In Rating Notifications

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

Lagos, 02 May 2017—Global Credit Ratings has affirmed the national scale long term credit ratings of BBB(NG), A-(NG)  and BBB(NG) accorded to Series1, Series2 and Series 3 Bonds respectively,  issued unde...

03 May 2017 In Rating Notifications

GCR Assigns Capital Trust a National Scale Management Quality Rating of BBB(NG)(mq); Outlook Stable

Lagos, 01 May 2017—Global Credit Ratings has accorded a national scale management quality* rating of BBB(NG)(mq) to Capital Trust Investment & Asset Management Limited (“Capital Trust” or “the company”)...

02 May 2017 In Rating Notifications

GCR affirms Dufil Prima Foods PLC’s National Scale Rating at A-(NG); Outlook Positive

Lagos, 28 April 2017—Global Credit Ratings has affirmed the long term and short term national scale issuer ratings of A-(NG) and A2(NG) respectively, assigned to Dufil Prima Foods PLC, with the outlook accorded as ...

28 Apr 2017 In Rating Notifications

GCR places Ecobank Nigeria Limited’s national scale ratings ‘Under Review’

Lagos Nigeria, 28 April 2017 - Global Credit Ratings has today placed Ecobank Nigeria Limited’s national scale long term and short term ratings of A(NG) and A1-(NG) respectively ‘Under Review’. While the ratings r...

28 Apr 2017 In Market Alerts

GCR Affirms Wema Bank Plc’s Rating of BBB-(NG); Outlook Stable

Lagos Nigeria, 21 April 2017 — Global Credit Ratings has today affirmed the national scale ratings assigned to Wema Bank Plc of BBB-(NG) and A3(NG) in the long-term and short-term respectively; with the outlook accorde...

21 Apr 2017 In Rating Notifications

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Recent Rating Reports

03 May 2017: Capital Trust Investment & Asset Management Limited

03 May 2017: Dufil Prima Foods PLC

26 Apr 2017: FCMB Financing SPV Plc

26 Apr 2017: Wema Funding SPV Plc

26 Apr 2017: Stanbic IBTC Holdings PLC

26 Apr 2017: AIICO Insurance Plc

26 Apr 2017: Nigeria Reinsurance Corporation

26 Apr 2017: Leadway Assurance Company Limited

26 Apr 2017: Stanbic IBTC Holdings PLC

26 Apr 2017: Wema Bank 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