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 Extends the Validity of Lagos State Government of Nigeria’s National Scale Ratings.

Lagos, 14 February 2019—Global Credit Ratings has extended the validity of the long term national scale Issuer rating of A+(NG) assigned to Lagos State Government of Nigeria. Concurrently, the validity of the natio...

14 Feb 2019 In Market Alerts

GCR Accords Final Ratings to Mixta Real Estate Plc’s Series 2 Tranche A and B Bonds

Lagos Nigeria, 12 February 2019 — Global Credit Ratings (“GCR”) has accorded final public ratings of ‘AA+(NG)’ and ‘A(NG)’ to Mixta Real Estate Plc’s N2.961bn Series 2 Tranche A Guaranteed Bonds and N2.32...

12 Feb 2019 In Rating Notifications

GCR Assigns a Final Rating of AA-(NG) to Stanbic IBTC Bank PLC N150.0bn SNP Series 1 Notes.

Lagos, 05 February 2019—Global Credit Ratings has accorded a final, public the national scale long-term credit rating of AA-(NG) to Stanbic IBTC Bank PLC’s N30bn Series 1 Notes, issued under Stanbic IBTC Bank PLC...

05 Feb 2019 In Rating Notifications

GCR Affirms UPDC Real Estate Investment Trust rating of BBB(NG)(f).

Lagos, 31 January 2019—Global Credit Ratings has affirmed the national scale long term fund rating# assigned to UPDC Real Estate Investment Trust of BBB(NG)(f); with a Stable Outlook. The rating valid until October...

04 Feb 2019 In Rating Notifications

GCR Affirms LAPO Microfinance Bank Limited’s National Scale Rating of BBB+(NG); Outlook Stable.

Lagos, 29 January 2019—Global Credit Ratings has affirmed LAPO Microfinance Bank Limited’s (“LAPO Mfb” or “the bank”)  public, national scale ratings of BBB+(NG) and A2(NG), in the long and short ter...

31 Jan 2019 In Rating Notifications

GCR Affirms LAPO MFB SPV Plc’s Series 1 Bonds Rating of BBB+(NG).

Lagos, 29 January 2019—Global Credit Ratings has affirmed the national scale long term rating of BBB+(NG) accorded to LAPO MFB SPV Plc’s N3.15bn Series 1 Bonds, issued under LAPO MFB SPV Plc’s N20bn Debt Issuan...

31 Jan 2019 In Rating Notifications

GCR Assigns a Final Rating of BBB-(NG) to Wema Funding SPV Plc’s Series 2 Bonds.

Lagos, 31 January 2019—Global Credit Ratings has accorded a final, public national scale long term rating of BBB-(NG) to Wema Funding SPV Plc’s N17.68bn Series 2 Bonds; with a Stable Outlook. The rating is valid ...

31 Jan 2019 In Rating Notifications

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

Recent Rating Reports

05 Dec 2018: United Bank for Africa

05 Dec 2018: C&I Leasing Plc

05 Dec 2018: Nigeria Mortgage Refinance Company Plc

05 Dec 2018: Lafarge Africa Plc

05 Dec 2018: Gombe State Government of Nigeria

05 Dec 2018: Transcorp Hotels Plc

05 Dec 2018: Fidson Healthcare Plc

05 Dec 2018: Union Bank of Nigeria Plc

05 Dec 2018: First Bank of Nigeria Limited

05 Dec 2018: Stanbic IBTC 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) 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