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 WSTC Financial Services Limited’s Rating Of BBB-(NG); Outlook Stable.

Lagos Nigeria, 14 October 2019—Global Credit Ratings has affirmed the national scale ratings assigned to WSTC Financial Services Limited of BBB-(NG) and A3(NG) in the long term and short term respectively; with the...

14 Oct 2019 In Rating Notifications

GCR Extends the Validity of Fidson Healthcare Plc’s National Scale Ratings.

Lagos, 05 October 2019—Global Credit Ratings has extended the validity of the long term national scale Issuer rating of BBB+(NG) and short term rating of A2(NG) assigned to Fidson Healthcare Plc. Concurrently, the ...

11 Oct 2019 In Market Alerts

GCR Places UBA’s MTNP 2 (Series 1) Notes Rating of A(NG) ‘Under Review’.

Lagos, 10 October 2019—Global Credit Ratings has placed ‘Under Review’ the national scale long term credit rating of A(NG) accorded to United Bank for Africa Plc’s (“UBA”) Medium Term Note Programme 2 (“MTN...

11 Oct 2019 In Market Alerts

GCR Places Flour Mills of Nigeria Plc’s National Scale Ratings “Under Review”.

Lagos, 09 October 2019—Global Credit Rating Co. Limited (“GCR”) has placed the long term national scale Issuer rating of BBB+(NG) and short term rating of A2(NG) assigned to Flour Mills of Nigeria Plc “Under ...

11 Oct 2019 In Market Alerts

GCR places Fidelity Bank Plc’s N30bn Bonds national scale rating ‘Under Review’.

Lagos, 10 October 2019—Global Credit Ratings (“GCR”) has placed Fidelity Bank Plc’s N30bn Bonds national scale rating of BBB(NG) ‘Under Review’. While the rating recently expired, GCR is far advanced with the...

10 Oct 2019 In Market Alerts

GCR Places ‘Review Extension’ on Nigeria Mortgage Refinance Company Plc’s National Scale Ratings.

Lagos, 10 October 2019—Global Credit Ratings (“GCR”) has placed a ‘Review Extension’ on the national scale long and short term ratings of A-(NG),and A1-(NG); with outlook as stable, accorded to Nigeria Mortgage...

10 Oct 2019 In Market Alerts

GCR Places ‘Review Extension’ on TrustBond Mortgage Bank Plc’s National Scale Ratings.

Lagos, 10 October 2019—Global Credit Ratings (“GCR”) has placed a ‘Review Extension’ on the national scale long and short term ratings of BB+(NG),and A3(NG); with outlook as stable, accorded to TrustBond Mortga...

10 Oct 2019 In Market Alerts

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Recent Rating Reports

04 Oct 2019: Axxela Limited

04 Oct 2019: Transcorp Hotels Plc

04 Oct 2019: Capital Trust Investment & Asset Management Limited

04 Oct 2019: Chapel Hill Denham Money Market Fund

04 Oct 2019: Infrastructure Credit Guarantee Company Limited

04 Oct 2019: FBNQuest Merchant Bank Limited

04 Oct 2019: Viathan Funding Plc

04 Oct 2019: Mixta Real Estate Plc

29 Apr 2019: AIICO Insurance Plc

29 Apr 2019: Primero Transport Services Limited

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