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 Places ‘Review Extension’ on FSDH Asset Management Limited’s National Scale Rating.

Lagos, 11 September 2019—Global Credit Ratings (“GCR”) has placed a ‘Review Extension’ on the national scale management quality rating of A-(NG)(mq), with outlook as stable, accorded to FSDH Asset Management Li...

11 Sep 2019 In Market Alerts

GCR Places ‘Review Extension’ on AIICO Money Market Fund’s National Scale Fund Rating.

Lagos, 10 September 2019—Global Credit Ratings (“GCR”) has placed a ‘Review Extension’ on the national scale fund rating of A+(NG)(f), with outlook as stable, accorded to AIICO Money Market Fund. The rating ...

10 Sep 2019 In Market Alerts

GCR Places ‘Review Extension’ on AIICO Capital Limited’s National Scale Management Quality Rating.

  Lagos, 10 September 2019—Global Credit Ratings (“GCR”) has placed a ‘Review Extension’ on the national scale management quality rating of BBB+(NG)(mq), with outlook as stable, accorded to AIICO Capital ...

10 Sep 2019 In Market Alerts

Expiry of GTL Trustees Limited’s Rating

Lagos, 09 September 2019 – The manager quality rating of BBB+(NG)(mq) accorded to GTL Trustees Limited by Global Credit Ratings (“GCR”) has expired. The rating expired without affirmation. GCR will resume the rat...

09 Sep 2019 In Market Alerts

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

Lagos, 06 September 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 pla...

06 Sep 2019 In Rating Notifications

GCR Affirms FBNQuest Merchant Bank Limited’s rating of A-(NG); Outlook Stable

Lagos Nigeria, 05 September 2019 — Global Credit Ratings has affirmed the national scale ratings assigned to FBNQuest Merchant Bank Limited of A-(NG) and A2(NG) in the long term and short term respectively; with the ou...

05 Sep 2019 In Rating Notifications

GCR Places North South Power Limited’s National Scale Ratings “Under Review”.

Lagos, 05 September 2019—Global Credit Ratings has placed the long term national scale Issuer rating of A-(NG) and short term rating of A2(NG) assigned to North South Power Limited “Under Review”. While the r...

05 Sep 2019 In Market Alerts

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Recent Rating Reports

29 Apr 2019: AIICO Insurance Plc

29 Apr 2019: Primero Transport Services Limited

29 Apr 2019: North South Power Company Limited

25 Mar 2019: Custodian Life Assurance Limited

25 Mar 2019: Lagos State Government of Nigeria

25 Mar 2019: Municipality Waste Management Contractors Limited

25 Mar 2019: Sovereign Trust Insurance Plc

25 Mar 2019: Ondo State Government of Nigeria

25 Mar 2019: Niger State Government of Nigeria

25 Mar 2019: Mixta Real Estate 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