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 Affirms Leadway Assurance Company Limited’s Rating of AA-(NG); Outlook Stable

Lagos Nigeria, 18 November 2019 — Global Credit Ratings has affirmed the national scale claims paying ability rating of AA-(NG) assigned to Leadway Assurance Company Limited, with the outlook accorded as Stable. The ra...

18 Nov 2019 In Rating Notifications

GCR downgrades Eat N’ Go Limited’s long term Issuer Rating to BBB(NG); Outlook Stable

Lagos, 13 November 2019—Global Credit Ratings has downgraded the national scale Issuer ratings assigned to Eat N’ Go Limited to BBB(NG) and A3(NG) in the long term and short term respectively, with the Outlook ac...

13 Nov 2019 In Rating Notifications

GCR accords Indicative ratings of BBB(NG) to Eat & Go Finance SPV Plc’s Series 1 and Series 2 Bonds

Lagos, 13 November, 2019—Global Credit Ratings has accorded indicative public ratings of BBB(NG) respectively to the Series 1 Senior Unsecured Bonds (“Series 1 Bonds”) and Series 2 Senior Unsecured Bonds (“Se...

13 Nov 2019 In Rating Notifications

GCR Extends the ‘Review Extension’ Notice Placed on NMRC’s N440bn MTNP (Series 1 and 2 Notes) Rating

Lagos, 06 November 2019—Global Credit Ratings (“GCR”) has extended the ‘Review Extension’ notice placed on the long-term ratings and outlook accorded to Series 1 and 2 Notes issued under Nigeria Mortgage Refina...

08 Nov 2019 In Market Alerts

GCR Extends the ‘Review Extension’ Notice Placed on NMRC’s National Scale Ratings.

Lagos, 06 November 2019—Global Credit Ratings (“GCR”) has extended the ‘Review Extension’ notice placed on the national scale long and short term ratings of A-(NG),and A1-(NG); with outlook as stable, accorded ...

06 Nov 2019 In Market Alerts

GCR affirms Viathan Funding PLC’s National Scale Rating of BBB-(NG); Outlook Stable

Lagos, 05 November 2019—Global Credit Ratings has affirmed the long term and short term national scale Issuer ratings assigned to Viathan Funding PLC of BBB-(NG) and A3(NG) respectively,  with the Outlook acco...

05 Nov 2019 In Rating Notifications

GCR places Fidelity Bank Plc’s Ratings ‘Under Review’.

  Lagos Nigeria, 01 November 2019 - Global Credit Ratings has today placed Fidelity Bank Plc’s national scale long term and short term ratings of A-(NG) and A2(NG) ‘Under Review’. While the ratings recently e...

01 Nov 2019 In Market Alerts

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

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