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 Extends the “Under Review” Notice on Capital Trust’s Management Quality Rating.

Lagos, 13 June 2018—Global Credit Ratings (“GCR”) has further extended the ‘Under Review’ notice placed on Capital Trust Investment & Asset Management Limited’s (“Capital Trust”) national scale manage...

14 Jun 2018 In Market Alerts

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

Lagos Nigeria, 04 June 2018 — 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 accorded...

05 Jun 2018 In Rating Notifications

GCR places Coronation Merchant Bank Limited’s national scale ratings ‘Under Review’

Lagos Nigeria, 04 June 2018 - Global Credit Ratings today placed Coronation Merchant Bank Limited’s national scale long-term and short-term ratings of A-(NG) and A2(NG) respectively ‘Under Review’. The ratings acco...

05 Jun 2018 In Market Alerts

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

Lagos Nigeria, 04 June 2018 - Global Credit Ratings (“GCR”) has placed Ecobank Nigeria Limited’s national scale long-term and short-term ratings of A-(NG) and A1-(NG) respectively ‘Under Review’. The ratings ac...

05 Jun 2018 In Market Alerts

Mortgage Warehouse Funding Limited’s Asset Backed Commercial Paper – Renewal of Ratings

Lagos, 1 June 2018—Global Credit Ratings (“GCR”) has extended the validity of the final public short term ratings of ‘A1(NG)(sf)’ and ‘A1-(NG)(sf) respectively accorded to the Senior and Subordinated Com...

01 Jun 2018 In Rating Notifications

GCR affirms Standard Alliance Insurance Plc’s Rating of BBB-(NG); Rating Watch

Lagos Nigeria, 01 June 2018 - Global Credit Ratings has affirmed the national scale claims paying ability rating assigned to Standard Alliance Insurance Plc of BBB-(NG), with the outlook placed on Watch. The rating is va...

01 Jun 2018 In Rating Notifications

GCR places Viathan Funding PLC’s National Scale Ratings ‘Under Review’

Lagos, 31 May 2018—Global Credit Ratings has placed the long term national scale issuer rating of BBB-(NG) and short term rating of A3(NG) assigned to Viathan Funding PLC ‘Under Review’. While the ratings hav...

31 May 2018 In Market Alerts

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Recent Rating Reports

23 May 2018: Mixta Real Estate Plc

23 May 2018: LAPO Microfinance Bank Limited

23 May 2018: WAICA Reinsurance Corporation Plc

23 May 2018: Nigerian Breweries Plc

23 May 2018: AIICO Insurance Plc

23 May 2018: Sovereign Trust Insurance Plc

23 May 2018: Nigeria Mortgage Refinance Company Plc

08 Feb 2018: Viathan Funding Plc

08 Feb 2018: Nigeria Reinsurance Corporation

08 Feb 2018: Viathan Funding 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