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GCR Places AIICO Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 7 December 2017 - Global Credit Ratings has today placed AIICO Insurance Plc’s national scale claims paying ability rating of A(NG) under review. While the rating has recently expired, GCR expects to pub...

07 Dec 2017 In Market Alerts

Expiry of Sovereign Trust Insurance Plc’s Claims Paying Ability Rating

Lagos Nigeria, 4 December 2017 – The national claims paying ability rating of A-(NG), previously assigned to Sovereign Trust Insurance Plc by Global Credit Ratings (“GCR”) has expired. GCR no longer supports the...

04 Dec 2017 In Market Alerts

GCR places Nigeria Reinsurance Corporation’s Rating ‘Under Review’.

Lagos Nigeria, 4 December 2017 - Global Credit Ratings has today placed Nigeria Reinsurance Corporation’s national scale claims paying ability rating of “BBB+(NG)” Under Review. Furthermore, the international scale...

04 Dec 2017 In Market Alerts

GCR Extends the “Under Review” Notice Placed on UPDC Real Estate Investment Trust Fund Rating

Lagos, 30 November 2017—Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on UPDC Real Estate Investment Trust’s national scale fund rating of BBB(NG)(f). While the rating rece...

04 Dec 2017 In Market Alerts

GCR extends the “Under Review” Notice on Fidelity Bank Plc’s N30bn Bonds National Scale Rating

Lagos, 30 November 2017—Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on the national scale long-term credit rating of BBB(NG) accorded to Fidelity Bank Plc’s N30bn Bonds. ...

04 Dec 2017 In Market Alerts

GCR places Capital Trust Investment & Asset Management Ltd’s Management Quality Rating’Under Review’

Lagos, 30 November 2017—Global Credit Ratings (“GCR”) has placed Capital Trust Investment & Asset Management Limited’s national scale management quality rating of BBB(NG)(mq) ‘Under Review’.  While t...

30 Nov 2017 In Market Alerts

GCR places WAICA Reinsurance Corporation Plc’s Rating ‘Under Review’.

Lagos Nigeria, 29 November 2017 - Global Credit Ratings has today placed WAICA Reinsurance Corporation Plc’s national scale claims paying ability rating of A(NG) ‘Under Review’.  Furthermore, the international...

29 Nov 2017 In Market Alerts

Expiry of Elephant Group Plc’s Ratings

Lagos Nigeria, 21 November 2017 – The national scale long-term and short-term issuer ratings of BBB+(NG) and A2(NG) respectively, previously assigned by Global Credit Ratings (“GCR”) to Elephant Group Plc (“Eleph...

21 Nov 2017 In Market Alerts

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

Lagos Nigeria, 1 November 2017 - 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 expired, G...

01 Nov 2017 In Market Alerts

GCR places C&I Leasing Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 1 November 2017 - Global Credit Ratings has today placed C&I Leasing Plc’s national scale long term and short term ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. While the ratings re...

01 Nov 2017 In Market Alerts

GCR extends Custodian Life Assurance Limited’s ‘Under Review’

Lagos Nigeria, 1 November 2017 - Global Credit Ratings (“GCR”) has today extended Custodian Life Assurance Limited’s ‘Under review’. While the ‘Under Review’ recently expired, GCR expects to publicly relea...

01 Nov 2017 In Market Alerts

GCR Places Sovereign Trust Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 November 2017 - Global Credit Ratings has today placed Sovereign Trust Insurance Plc’s national scale claims paying ability rating of A-(NG) under review. While the rating has recently expired, GCR exp...

01 Nov 2017 In Market Alerts

GCR Places NEM Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 November 2017 - Global Credit Ratings has today placed NEM Insurance Plc’s national scale claims paying ability rating of A-(NG) under review. While the rating has recently expired, GCR expects to publ...

01 Nov 2017 In Market Alerts

GCR places five State Governments’ National Scale Ratings ‘Under Review’

Lagos, 31 October 2017 - Global Credit Ratings has placed the long term national scale issuer rating and respective Fixed Rate Bond ratings of five States ‘Under Review’. The table below contains a list of the affect...

01 Nov 2017 In Market Alerts

GCR Extends the “Under Review” Notice on UBA’s MTNP 1 (Series 2) and MTNP 2 (Series 1) Notes Rating

Lagos, 31 October 2017—Global Credit Ratings has extended the ‘Under Review’ notice placed on the national scale long term credit ratings of A(NG) accorded to UBA’s MTNP 1 (Series 2) and MTNP 2 (Series 1) Notes i...

31 Oct 2017 In Market Alerts

Expiry of Imperial Homes Mortgage Bank Limited’s National Scale Ratings.

Lagos Nigeria, 31 October 2017 – The national scale long-term and short-term ratings of BBB-(NG) and A3(NG) respectively, accorded to Imperial Homes Mortgage Bank Limited (“Imperial Homes”) by Global Credit Ratings...

31 Oct 2017 In Market Alerts

Expiry of Imperial Homes Mortgage Bank Limited’s Primary Servicer Quality Rating.

Lagos Nigeria, 31 October 2017 – The national scale primary servicer quality rating of SQ3+(NG), accorded to Imperial Homes Mortgage Bank Limited (“Imperial Homes”) by Global Credit Ratings (“GCR”) has expired....

31 Oct 2017 In Market Alerts

Expiry of Capital Trust Investment & Asset Management Limited’s Management Quality Rating.

Lagos Nigeria, 31 October 2017 – The national scale management quality rating of BBB(NG)(mq) accorded to Capital Trust Investment & Asset Management Limited by Global Credit Ratings (“GCR”) has expired. The ra...

31 Oct 2017 In Market Alerts

GCR extends the “Under Review” Notice on Fidelity Bank Plc’s N30bn Bonds National Scale Rating.

Lagos, 31 October 2017—Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on the national scale long-term credit rating of BBB(NG) accorded to Fidelity Bank Plc’s N30bn Bonds. W...

31 Oct 2017 In Market Alerts

GCR Extends The “Under Review” Notice on FSDH Asset Management Limited’s Manager Quality Rating.

Lagos, 31 October 2017—Global Credit Ratings (“GCR)” has today extended the ‘Under Review’ notice placed on FSDH Asset Management Limited’s national scale manager quality rating of BBB+(NG)(mq). While the rat...

31 Oct 2017 In Market Alerts

Expiry of Aarti Steel Nigeria Limited’s Ratings

Lagos Nigeria, 24 October 2017 – The national scale long-term and short-term ratings of BBB-(NG) and A3(NG) respectively, previously assigned by Global Credit Ratings (“GCR”) to Aarti Steel Nigeria Limited (“Aart...

24 Oct 2017 In Market Alerts

GCR extends Standard Alliance Insurance Plc’s ‘Under Review’

Lagos Nigeria, 9 October 2017 - Global Credit Ratings (“GCR”) has today extended Standard Alliance Insurance Plc’s ‘Under review’. While the ‘Under Review’ recently expired, GCR expects to publicly release ...

09 Oct 2017 In Market Alerts

GCR places Niger State Government’s National Scale Ratings ‘Under Review’

Lagos, 30 September 2017 - Global Credit Ratings has placed the long term national scale issuer rating of BBB-(NG) assigned to the Niger State Government ‘Under Review’. Concurrently, the Tranche 1 N9bn Fixed Rate Bo...

05 Oct 2017 In Market Alerts

GCR extends validity of Tower Funding Plc’s Bond Ratings

Lagos, 30 September 2017 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale bond Issue ratings of CCC(NG)(sf) for the Series 1 Tranche A Bonds and B(NG)(sf) for the Series ...

05 Oct 2017 In Market Alerts

GCR extends the “Under Review” notice on Diamond Bank Plc’s Ratings.

Lagos Nigeria, 4 October 2017 - Global Credit Ratings has further extended the ‘Under Review’ notice placed on Diamond Bank Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) respectively....

04 Oct 2017 In Market Alerts

GCR Extends Validity Of The Indicative Ratings Assigned To Mortgage Warehouse Funding Limited’s Asse

Lagos, 4 October 2017 - Global Credit Ratings has extended the validity of the indicative public short-term ratings of A1(NG)(sf) and A1-(NG)(sf) assigned respectively to the Senior and Subordinated Commercial Paper Note...

04 Oct 2017 In Market Alerts

GCR extends the “Under Review” Notice placed on Lafarge Africa Plc’s Issuer and Bond ratings of A+(N

Lagos, 3 October 2017 – Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on Lafarge Africa Plc’s long term and short term national scale issuer ratings...

03 Oct 2017 In Market Alerts

GCR Extends the “Under Review” notice on United Bank for Africa Plc’s Ratings.

Lagos Nigeria, 3 October 2017 - Global Credit Ratings has today extended the ‘Under Review’ notice placed on United Bank for Africa Plc’s national scale long term and short term ratings of AA-(NG) and A1+(NG) ...

03 Oct 2017 In Market Alerts

GCR Places Custodian Life Assurance Limited’s Rating ‘Under Review’.

Lagos Nigeria, 2 October 2017 - Global Credit Ratings has today placed Custodian Life Assurance Limited’s national scale financial strength rating of A-(NG) ‘Under Review’. While the rating recently expired, GCR ex...

03 Oct 2017 In Market Alerts

GCR Places Law Union and Rock Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 2 October 2017 - Global Credit Ratings has today placed Law Union and Rock Insurance Plc’s national scale claims paying ability rating of A-(NG) under review. While the rating has recently expired, GCR e...

03 Oct 2017 In Market Alerts

GCR Extends the “Under Review” Notice Placed on UPDC Real Estate Investment Trust Fund Rating

Lagos, 30 September 2017—Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on UPDC Real Estate Investment Trust’s national scale fund rating of BBB(NG)(f). While the rating rec...

02 Oct 2017 In Market Alerts

GCR Extends the “Under Review” Notice Placed on UBA’s MTNP 1 (Series 1 and Series 2) and MTNP 2 (Ser

Lagos, 30 September 2017—Global Credit Ratings has extended the ‘Under Review’ notice placed on the national scale long term credit ratings of A(NG) accorded to UBA’s MTNP 1 (Series 1 and Series 2) and MTNP 2 (Se...

02 Oct 2017 In Market Alerts

GCR Extends The “Under Review” Notice on TrustBond Mortgage Bank Plc’s Primary Servicer Rating.

Lagos, 30 September 2017—Global Credit Ratings (“GCR”)has further extended the ‘Under Review’ notice placed on TrustBond Mortgage Plc’s national scale primary servicer rating of SQ3+(NG). While the rating rec...

02 Oct 2017 In Market Alerts

GCR Extends The “Under Review” Notice on Trust Bond Mortgage Bank Plc’s Ratings.

Lagos, 30 September 2017—Global Credit Ratings has further extended the ‘Under Review’ notice placed on TrustBond Mortgage Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) respectively....

02 Oct 2017 In Market Alerts

GCR Extends The “Under Review” Notice Placed on FSDH Asset Management Limited’s Manager Quality Rati

Lagos, 30 September 2017—Global Credit Ratings (“GCR)” has today extended the ‘Under Review’ notice placed on FSDH Asset Management Limited’s national scale manager quality rating of BBB+(NG)(mq). While the r...

02 Oct 2017 In Market Alerts

GCR Extends the “Under Review” Notice Placed on Stanbic IBTC Bank Plc’s SNP Series 1 (Tranche A and

Lagos, 30 September 2017—Global Credit Ratings (“GCR”) has today extended the ‘Under Review’ notice placed on the national scale long-term credit ratings of A(NG) accorded to the Series 1 (Tranche A and Tranche...

02 Oct 2017 In Market Alerts

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

Lagos, 30 September 2017—Global Credit Ratings (“GCR”) has today placed Fidelity Bank Plc’s N30bn Bonds national scale long term rating of BBB(NG) ‘Under Review’ While the rating recently expired, GCR is far ...

02 Oct 2017 In Market Alerts

GCR Places Citihomes Finance Company Limited’s Primary Servicer Rating ‘Under Review’.

Lagos, 30 September 2017—Global Credit Ratings has today placed Citihomes Finance Company Limited’s national scale primary servicer rating of SQ3(NG) ‘Under Review’.  While the rating recently expired, GCR i...

02 Oct 2017 In Market Alerts

Expiry of STACO Insurance Plc’s Claims Paying Ability Rating.

Lagos Nigeria, 28 September 2017— The national scale claims paying ability rating of BBB+(NG), accorded to STACO Insurance Plc by Global Credit Ratings (“GCR”) has expired. GCR no longer support the rating. RATING...

28 Sep 2017 In Market Alerts

GCR places Citihomes Finance Company Limited’s primary servicer* quality rating “Under Review”.

Lagos, 07 September 2017—Global Credit Ratings (“GCR”) has placed Citihomes Finance Company Limited’s national scale primary servicer quality rating of SQ3+(NG) “under Review”. While the rating recently expir...

07 Sep 2017 In Market Alerts

Expiry of Walter Ollor Foundation’s National Scale Ratings.

Lagos, 6 September 2017 - Global Credit Ratings’ short term national scale rating of B(NG) accorded to Walter Ollor Foundation, and the indicative Issue rating of BB-(NG) to the proposed N2bn Secured Bond have both exp...

06 Sep 2017 In Market Alerts

GCR extends the ‘Under Review’ status of Flour Mills of Nigeria Plc’s National Scale Ratings

Lagos Nigeria, 31 August 2017 - Global Credit Ratings has extended the ‘Under Review’ status of Flour Mills of Nigeria Plc’s national scale ratings of BBB+(NG) and A2(NG) in the long-term and short-term respectivel...

05 Sep 2017 In Market Alerts

GCR places Aarti Steel Nigeria Limited’s National Scale Ratings ‘Under Review’

Lagos, 31 August 2017—Global Credit Ratings has placed Aarti Steel Nigeria Limited’s (“Aarti”) long term and short term national scale issuer ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. G...

05 Sep 2017 In Market Alerts

GCR places Tower Funding Plc’s Bond Ratings ‘Under Review’

Lagos, 31 August 2017 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale bond Issue ratings of CCC(NG)(sf) for the Series 1 Tranche A Bonds and B(NG)(sf) for the Series 1 T...

05 Sep 2017 In Market Alerts

GCR places First Bank of Nigeria Limited’s national scale ratings ‘Under Review’

Lagos Nigeria, 31 August 2017 - Global Credit Ratings has placed First Bank of Nigeria Limited’s national scale long term and short term ratings of A-(NG) and A1-(NG) respectively ‘Under Review’. While the ratings...

05 Sep 2017 In Market Alerts

GCR places Transcorp Hotels PLC’s National Scale Ratings ‘Under Review’

Lagos, 31 August 2017—Global Credit Ratings has placed the long term national scale issuer rating of A-(NG) and short term rating of A2(NG) assigned to Transcorp Hotels PLC ‘Under Review’. Concurrently,...

01 Sep 2017 In Market Alerts

GCR extends validity of Lagos State Government’s National Scale Ratings

Lagos, 31 August 2017—Global Credit Ratings has placed the long term national scale issuer rating of A+(NG) assigned to the Lagos State Government “Under Review”. Concurrently, the following Issue ratin...

01 Sep 2017 In Market Alerts

GCR extends validity of the Indicative Rating assigned to Municipality Waste Management Company Ltd.

Lagos, 31 August 2017—Global Credit Ratings has extended the validity of the indicative rating of A(NG) assigned to the proposed N27bn Series 1 Secured Note to October 31 2017. Although, the initial rating was ass...

01 Sep 2017 In Market Alerts

Expiry of Infinity Trust Mortgage Bank Plc’s National Scale Ratings.

Lagos Nigeria, 31 August 2017—The long term and short term national scale credit ratings of BB+(NG) and A3(NG) respectively, accorded to Infinity Trust Mortgage Bank Plc (“Infinity”) by Global Credit Ratings (“GC...

31 Aug 2017 In Market Alerts

GCR places Diamond Bank Plc’s Ratings ‘Under Review’

Lagos Nigeria, 31 August 2017 - Global Credit Ratings has today placed Diamond Bank Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) ‘Under Review’. While the ratings recently expired, G...

31 Aug 2017 In Market Alerts

GCR places United Bank for Africa Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 31 August 2017 - Global Credit Ratings has today placed United Bank for Africa Plc’s national scale long term and short term ratings of AA-(NG) and A1+(NG) ‘Under Review’. Furthermore, United Bank fo...

31 Aug 2017 In Market Alerts

GCR Places UPDC Real Estate Investment Trust Fund Rating ‘Under Review’

Lagos, 31 August 2017—Global Credit Ratings has placed UPDC Real Estate Investment Trust’s national scale fund rating of BBB(NG)(f) ‘Under Review’. While the rating recently expired, GCR is far advanced with the ...

31 Aug 2017 In Market Alerts

GCR Places UBA’s MTNP 1 (Series 1 and Series 2) and MTNP 2 (Series 1) Notes Ratings of A(NG) ‘Under

Lagos, 31 August 2017—Global Credit Ratings has placed ‘Under Review’ the national scale long term credit ratings of A(NG) accorded to UBA’s MTNP 1 (Series 1 and Series 2) and MTNP 2 (Series 1) Notes issued under...

31 Aug 2017 In Market Alerts

GCR Extends The “Under Review” Notice on TrustBond Mortgage Bank Plc’s Primary Servicer Rating.

Lagos, 31 August 2017—Global Credit Ratings has today extended the “Under Review” notice placed on TrustBond Mortgage Plc’s national scale primary servicer rating of SQ3+(NG). While the rating recently expired, G...

31 Aug 2017 In Market Alerts

GCR Extends The “Under Review” Notice on Trust Bond Mortgage Bank Plc’s Ratings.

Lagos, 31 August 2017—Global Credit Ratings has today extended the “Under Review” notice placed on TrustBond Mortgage Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) respectively. Whil...

31 Aug 2017 In Market Alerts

GCR Places Sterling Investment Management SPV Plc’s Series 1 Bonds Rating of BBB(NG) ‘Under Review’.

Lagos, 31 August 2017—Global Credit Ratings has placed ‘Under Review’ the national scale long term rating of BBB(NG) accorded to Sterling Investment Management SPV Plc’s N7.97bn Series 1 Bonds; with the outlook a...

31 Aug 2017 In Market Alerts

GCR Places Stanbic IBTC Bank Plc’s SNP Series 1 (Tranche A,B) Notes Ratings of A(NG) ‘Under Review’

Lagos, 31 August 2017—Global Credit Ratings has placed ‘Under Review’ the national scale long-term credit ratings of A(NG) accorded to the Series 1 (Tranche A and Tranche B) Notes issued under Stanbic IBTC Bank Plc...

31 Aug 2017 In Market Alerts

GCR Extends the “Under Review” Notice Placed on NMRC Refinance Company Plc Series 1 Bond’s Rating.

Lagos, 31 August 2017—Global Credit Ratings has extended the “Under Review” notice placed on Nigeria Mortgage Refinance Company Plc (“NMRC”) N140bn Medium Term Note Programme Series 1 Bonds’ national scale ra...

31 Aug 2017 In Market Alerts

GCR Places FSDH Asset Management Limited’s Manager Quality Rating ‘Under Review’

Lagos, 31 August 2017—Global Credit Ratings has placed FSDH Asset Management Limited’s national scale manager quality rating of BBB+(NG)(mq) ‘Under Review’. While the rating recently expired, GCR is far advanced ...

31 Aug 2017 In Market Alerts

GCR Places Lafarge Africa Plc’s Issuer and Bond ratings of A+(NG) under review

Lagos, 30 August 2017 – Global Credit Ratings (“GCR”) has placed Lafarge Africa Plc’s long term and short term national scale issuer ratings of A+(NG) and A1(NG) respectively ‘Unde...

30 Aug 2017 In Market Alerts

Criteria for Rating Insurance Companies – Revised Methodologies Published

Lagos, 11 August 2017—Global Credit Ratings (“GCR”) has today published the following six updated criteria: • Global Master Criteria for Rating Short Term Insurance and Reinsurance Companies (“Crit...

14 Aug 2017 In GCR Communications, Market Alerts

GCR Extends The ‘Under Review’ Notice on Wema Funding SPV Plc’s Series 1Bonds’national scale rating

Lagos, 01 August 2017—Global Credit Ratings (“GCR”) has extended the ‘Under Review’ notice placed on the national scale long-term credit rating accorded to the Series 1 Bonds, issued under Wema Funding SPV Plc ...

02 Aug 2017 In Market Alerts

GCR extends validity of the Indicative Rating assigned to Dufil Prima Foods’ proposed Bond Issue

Lagos, 1 August 2017—Global Credit Ratings has extended the validity of the indicative rating of A-(NG) assigned to the proposed N20bn Series 1 Bond Issue to October 31 2017. Although, the initial rating was assig...

01 Aug 2017 In Market Alerts

GCR Extends the “Under Review” notice on Union Bank of Nigeria Plc’s Ratings.

Lagos Nigeria, 1 August 2017 - Global Credit Ratings has today extended the ‘Under Review’ notice placed on Union Bank of Nigeria Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG)  r...

01 Aug 2017 In Market Alerts

GCR places Standard Alliance Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 August 2017 - Global Credit Ratings has today placed Standard Alliance Insurance Plc’s national scale claims paying ability rating of BBB(NG) under review. While the rating recently expired, GCR expect...

01 Aug 2017 In Market Alerts

GCR places Lagos State Government’s National Scale Ratings ‘Under Review’

Lagos, 31 July 2017—Global Credit Ratings has placed the long term national scale issuer rating of A+(NG) assigned to the Lagos State Government ‘Under Review’. Concurrently, the following Issue ratings have be...

31 Jul 2017 In Market Alerts

GCR places NMRC Refinance Company Plc Series 1 Bond’s national scale rating ‘Under Review’

Lagos, 31 July 2017—Global Credit Ratings has placed Nigeria Mortgage Refinance Company Plc (“NMRC”) N140bn Medium Term Note Programme Series 1 Bonds’ national scale rating of AAA(NG)(sf) ‘Under Review’. Whil...

31 Jul 2017 In Market Alerts

GCR places Nigeria Mortgage Refinance Company Plc’s national scale rating ‘Under Review’.

Lagos, 31 July 2017—Global Credit Ratings has today placed Nigeria Mortgage Refinance Company Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) respectively ‘Under Review’. While the ra...

31 Jul 2017 In Market Alerts

GCR places Trust Bond Mortgage Bank Plc’s national scale rating ‘Under Review’.

Lagos, 31 July 2017—Global Credit Ratings has today placed TrustBond Mortgage Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) respectively ‘Under Review’. While the rating recently exp...

31 Jul 2017 In Market Alerts

GCR places Trust Bond Mortgage Bank Plc’s national scale primary servicer rating ‘Under Review’.

Lagos, 31 July 2017—Global Credit Ratings has today placed TrustBond Mortgage Plc’s national scale primary servicer rating of SQ3+(NG) ‘Under Review’. While the rating recently expired, GCR is far advanced with t...

31 Jul 2017 In Market Alerts

GCR places Rand Merchant Bank Nigeria Limited’s Ratings ‘Under Review’.

Lagos Nigeria, 31 July 2017 - Global Credit Ratings has today placed Rand Merchant Bank of Nigeria Limited’s national scale long term and short term ratings of A(NG) and A1(NG) ‘Under Review’. While the ratings rec...

31 Jul 2017 In Market Alerts

GCR places WSTC Financial Services Limited’s Ratings ‘Under Review’.

Lagos Nigeria, 31 July 2017 - Global Credit Ratings has today placed WSTC Financial Services Limited’s national scale long term and short term ratings of BBB-(NG) and A3(NG) ‘Under Review’. While the ratings recent...

31 Jul 2017 In Market Alerts

GCR places Wema Funding SPV Plc’s Series 1 Bonds’ national scale rating ‘Under Review’.

Lagos, 01 July 2017—Global Credit Ratings (“GCR”) has today placed the national scale long-term credit rating accorded to the Series 1 Bonds, issued under Wema Funding SPV Plc N50bn Debt Issuance Programme (“DIP...

04 Jul 2017 In Market Alerts

GCR Places Forte Oil Plc’s Issuer and Bond ratings of A-(NG) under review

Lagos, 30 June 2017 – Global Credit Ratings (“GCR”) has placed Forte Oil Plc’s long term and short term national scale issuer ratings of A-(NG) and A1-(NG) respectively ‘Under Review’. Concurrently, the A-(NG...

30 Jun 2017 In Market Alerts

GCR places Union Bank of Nigeria Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 30 June 2017 - Global Credit Ratings has today placed Union Bank of Nigeria Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) ‘Under Review’. While the ratings recently exp...

30 Jun 2017 In Market Alerts

Expiry of Access Bank Plc’s National Scale Ratings.

Lagos Nigeria, 30 June 2017—The long term and short term national scale ratings of A+(NG) and A2(NG) accorded to Access Bank Plc (“Access”) by Global Credit Ratings (“GCR”) have expired. RATING RATIONALE T...

30 Jun 2017 In Market Alerts

Expiry of Sterling Asset Management and Trustees Limited’s National Scale Ratings.

Lagos Nigeria, 30 June 2017—The long term and short term national scale credit ratings of BBB-(NG) and A3(NG) respectively, accorded to Sterling Asset Management and Trustees Limited (“SAMTL”) by Global Credit Rati...

30 Jun 2017 In Market Alerts

GCR places STACO Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 30 June 2017 - Global Credit Ratings has today placed STACO Insurance Plc’s claims paying ability rating of BBB+(NG) ‘Under Review’. While the ratings recently expired, GCR expects to publicly rele...

30 Jun 2017 In Market Alerts

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

Lagos Nigeria, 30 June 2017 - Global Credit Ratings has today placed Sterling Bank Plc’s national scale long term and short term ratings of BBB(NG) and A3(NG) ‘Under Review’. While the ratings recently expired, GCR...

30 Jun 2017 In Market Alerts

GCR places Flour Mills of Nigeria Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 01 June 2017 - Global Credit Ratings has today placed Flour Mills of Nigeria Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) respectively ‘Under Review’. GCR has initiat...

02 Jun 2017 In Market Alerts

GCR places Fidson Healthcare Plc’s national scale issuer and bond ratings ‘Under Review’

Lagos, 01 June 2017—Global Credit Ratings has today placed Fidson Healthcare Plc’s long term and short term national scale issuer ratings of BBB(NG) and A3(NG) respectively ‘Under Review’. Concurrently, the n...

02 Jun 2017 In Market Alerts

GCR places Coronation Merchant Bank Limited’s Ratings ‘Under Review’

Lagos Nigeria, 1 June 2017 - Global Credit Ratings has today placed Coronation Merchant Bank Limited’s national scale long term and short term ratings of A-(NG) and A2(NG) ‘Under Review’. While the ratings recently...

01 Jun 2017 In Market Alerts

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

Lagos Nigeria, 28 April 2017 - Global Credit Ratings has today placed Ecobank Nigeria Limited’s national scale long term and short term ratings of A(NG) and A1-(NG) respectively ‘Under Review’. While the ratings r...

28 Apr 2017 In Market Alerts

GCR Publishes its Nigeria Short Term Insurance Statistical Bulletin

Lagos, 03 April 2017—Global Credit Ratings has today published its annual Nigeria Short Term Insurance Statistical Bulletin, covering a sample of the sector and its participants’ performance for the period to end- 20...

11 Apr 2017 In Market Alerts

Expiry of Skye Bank Plc’s National Scale Rating.

Lagos Nigeria, 05 April 2017—The long term national scale rating of BB+(NG) accorded to Skye Bank Plc (“Skye”, “the bank”) by Global Credit Ratings (“GCR”) has expired. GCR no longer supports the rating. ...

11 Apr 2017 In Market Alerts

GCR places FCMB Financing SPV Plc’s Series 1 and Series 2 Bonds’ national scale rating ‘Under Review

Lagos, 04 April 2017—Global Credit Ratings (“GCR”) has today placed the national scale long-term credit ratings accorded to the Series 1 and Series 2 Bonds, issued under FCMB Financing SPV Plc’s (“the Issuer”...

03 Apr 2017 In Market Alerts

GCR places First City Monument Bank Limited’s national scale rating ‘Under Review’.

Lagos, 04 April 2017—Global Credit Ratings (“GCR”) has today placed the national scale credit ratings assigned to First City Monument Bank Limited of A-(NG) and A2(NG) in the long term and short term respectively ...

03 Apr 2017 In Market Alerts

GCR places Wema Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 03 April 2017 - Global Credit Ratings has today placed Wema Bank Plc’s national scale long-term and short-term ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. While the ratings recently ...

03 Apr 2017 In Market Alerts

GCR Extends The ‘Under Review’ Notice on Sterling Asset Management and Trustees Limited’s Ratings.

Lagos, 01 February 2017—Global Credit Ratings has extended the ‘Under Review’ notice placed on Sterling Asset Management and Trustees Limited’s national scale long-term and short-term ratings of BBB-(NG) and A3(N...

07 Feb 2017 In Market Alerts

Expiry of Cross River State’s National Scale Ratings.

Lagos, 31 January 2017 - Global Credit Ratings’ long term national scale rating of BBB-(NG) accorded to the Cross River State Government and the A-(NG) national scale rating accorded to the State’s N8bn Series I Fixe...

31 Jan 2017 In Market Alerts

Expiry of Mixta Real Estate Plc’s proposed Series 1 and Series 2 Bonds’ Indicative Rating

Lagos, 17 January 2017— The indicative, long term national scale ratings of BBB(NG) accorded to Mixta Real Estate Plc’s (“Mixta Nigeria”) proposed Series 1 Bonds and Series 2 Bonds respectively, have expired. Thi...

18 Jan 2017 In Market Alerts

GCR Extends FCMB Financing SPV Plc’s Series 3 Bonds’ Indicative* Rating Of BBB(NG).

Lagos Nigeria, 31 December 2016 - Global Credit Ratings (“GCR”) has today extended FCMB Financing SPV Plc’s Series 3 Bonds’ indicative*, long term national scale rating of BBB(NG) with a Rating Watch. GCR expects...

02 Jan 2017 In Market Alerts

GCR Extends the ‘Under Review’ Notice placed on Fidelity Bank Plc’s N30bn Bonds’ ratings.

Lagos, 31 December 2016—Global Credit Ratings (“GCR”) has extended the ‘Under Review’ notice placed on Fidelity Bank Plc’s N30bn Bonds’ national scale rating of BBB(NG). While the rating recently expired, G...

02 Jan 2017 In Market Alerts

GCR Extends the Rating Watch on Nigeria Mortgage Refinance Company Plc’s Ratings.

Lagos, 16 December 2016—Global Credit Ratings has extended the Rating Watch on the national scale long term and short term ratings of BBB+(NG) and A2(NG) respectively, assigned to Nigeria Mortgage Refinance Company...

16 Dec 2016 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on Cross River State Government’s National Scale Rating

Lagos, 16 December 2016 - Global Credit Ratings has extended the ‘Under Review’ notice placed on the long term national scale rating of BBB-(NG) assigned to the Cross River State Government. Concurrently, the ‘Unde...

16 Dec 2016 In Market Alerts

Withdrawal of Sovereign Trust Insurance Plc’s Rating

Lagos Nigeria, 13 December 2016 – Global Credit Ratings (“GCR”) has today withdrawn the national scale claims paying ability rating of A-(NG) accorded to Sovereign Trust Insurance Plc.  GCR has discontinued ...

13 Dec 2016 In Market Alerts

Withdrawal of Nigerian Aviation Handling Company Plc’s Ratings

Lagos, 7 December 2016 – Global Credit Ratings (“GCR”) has today withdrawn the following Issuer and Bond ratings previously assigned to Nigerian Aviation Handling Company Plc (“NAHCo”): Long term unsecured co...

07 Dec 2016 In Market Alerts

GCR places Nigeria Reinsurance Corporation’s Rating ‘Under Review’.

Lagos Nigeria, 1 December 2016 - Global Credit Ratings has today placed Nigeria Reinsurance Corporation’s national and international scale claims paying ability ratings of “BBB+(NG)” and “B” Under Review. While...

01 Dec 2016 In Market Alerts

GCR Places Leadway Assurance Company Limited’s Rating ‘Under Review’.

Lagos Nigeria, 1 December 2016 - Global Credit Ratings has today placed Leadway Assurance Company Limited’s national scale claims paying ability rating of A+(NG) under review. While the rating has recently expired, GCR...

01 Dec 2016 In Market Alerts

GCR Places AIICO Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 December 2016 - Global Credit Ratings has today placed AIICO Insurance Plc’s national scale claims paying ability rating of A(NG) under review. While the rating has recently expired, GCR expects to pub...

01 Dec 2016 In Market Alerts

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

Lagos, 30 November 2016—Global Credit Ratings (“GCR”) has today placed Fidelity Bank Plc’s N30bn Bonds’ national scale rating of BBB(NG) ‘Under Review’. While the rating recently expired, GCR is far advance...

01 Dec 2016 In Market Alerts

GCR places Sterling Asset Management and Trustees Limited’s national scale ratings ‘Under Review’.

Lagos, 30 November 2016—Global Credit Ratings has today placed Sterling Asset Management and Trustees Limited’s national scale long-term and short-term ratings of BBB-(NG) and A3(NG), respectively ‘Under Review’....

01 Dec 2016 In Market Alerts

GCR places Cross River State Government’s National Scale Ratings ‘Under Review’

Lagos, 1 December 2016 - Global Credit Ratings has placed the long term national scale rating of BBB-(NG) assigned to Cross River State Government ‘Under Review’. Concurrently, the N8bn Series 1 Fixed Rate Bond of A-...

01 Dec 2016 In Market Alerts

GCR places Nasarawa State Government’s National Scale Ratings ‘Under Review’

Lagos, 30 November 2016 - Global Credit Ratings has placed the long term national scale rating of BBB-(NG) assigned to Nasarawa State Government ‘Under Review’. Concurrently, the N5bn Tranche 1 Fixed Rate Bond of A-(...

30 Nov 2016 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on Delta State Government’s National Scale Ratings

Lagos, 30 November 2016 - Global Credit Ratings has extended the ‘Under Review’ notice placed on the long term national scale rating of A-(NG) assigned to the Delta State Government. Concurrently, the ‘Under Review...

30 Nov 2016 In Market Alerts

Expiry of Nigerian Aviation Handling Company Plc’s Ratings

Lagos, 30 November 2016—The following Issuer and Bond ratings previously assigned by Global Credit Ratings (“GCR”) to Nigerian Aviation Handling Company Plc (“NAHCo”) have all expired: Long term unsecured ...

30 Nov 2016 In Market Alerts

GCR places Fidelity Bank Plc’s national scale issuer ratings ‘Under Review’

Lagos Nigeria, 30 November 2016 - Global Credit Ratings has today placed Fidelity Bank Plc’s national scale long term and short term issuer ratings of A-(NG) and A2(NG) respectively ‘Under Review’. While the ratin...

30 Nov 2016 In Market Alerts

GCR extends the ‘Under Review’ status on C&I Leasing Plc’s national scale issuer ratings

Lagos Nigeria, 30 November 2016 - Global Credit Ratings has extended the ‘Under Review’ status on C&I Leasing Plc’s national scale long term and short term issuer ratings of BBB-(NG) and A3(NG) respectively. G...

30 Nov 2016 In Market Alerts

GCR places Chellarams Plc’s Issuer and Bond Ratings of BB(NG) “Under Review”

Lagos, 29 November 2016—Global Credit Ratings (“GCR”) has placed Chellarams Plc’s long term and short term national scale issuer ratings of BB(NG) and B(NG) respectively ‘Under Review’. Concurrently, the ...

29 Nov 2016 In Market Alerts

GCR extends the ‘Under Review’ status on Ecobank Nigeria Limited’s national scale ratings

Lagos Nigeria, 01 November 2016 - Global Credit Ratings has extended the ‘Under Review’ status on Ecobank Nigeria Limited’s national scale long term and short term ratings of A(NG) and A1-(NG) respectively. GCR is...

02 Nov 2016 In Market Alerts

GCR Places NEM Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 2 November 2016 - Global Credit Ratings has today placed NEM Insurance Plc’s national scale claims paying ability rating of A-(NG) ‘Under Review’. While the rating has recently expired, GCR expects t...

02 Nov 2016 In Market Alerts

GCR Places Sovereign Trust Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 2 November 2016 - Global Credit Ratings has today placed Sovereign Trust Insurance Plc’s national scale claims paying ability rating of A-(NG) ‘Under Review’. While the rating has recently expired, G...

02 Nov 2016 In Market Alerts

GCR Places WAICA Reinsurance Corporation Plc’s Rating ‘Under Review’.

Lagos Nigeria, 2 November 2016 - Global Credit Ratings has today placed WAICA Reinsurance Corporation Plc’s national scale claims paying ability rating of A-(NG) ‘Under Review’.  Furthermore, the international...

02 Nov 2016 In Market Alerts

GCR places Ondo State Government’s National Scale Ratings ‘Under Review’

Lagos, 2 November 2016 - Global Credit Ratings has placed the long term national scale rating of BBB-(NG) assigned to Ondo State Government ‘Under Review’. Concurrently, the N27bn Tranche 1 Fixed Rate Bond of A-(NG) ...

02 Nov 2016 In Market Alerts

GCR places C&I Leasing Plc’s national scale issuer ratings ‘Under Review’

Lagos Nigeria, 31 October 2016 - Global Credit Ratings has today placed C&I Leasing Plc’s national scale long term and short term issuer ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. While the ra...

01 Nov 2016 In Market Alerts

GCR places Delta State Government’s National Scale Ratings ‘Under Review’

Lagos, 31 October 2016 - Global Credit Ratings has placed the long term national scale rating of A-(NG) assigned to Delta State Government ‘Under Review’. Concurrently, the N50bn Tranche 1 Fixed Rate Bond of A+(NG) h...

31 Oct 2016 In Market Alerts

GCR places C&I Leasing Plc’s Series 1 Bonds’ national scale rating ‘Under Review’.

Lagos, 31 October 2016—Global Credit Ratings (“GCR”) has today placed C&I Leasing Plc’s Series 1 Bonds’ national scale rating of BBB-(NG) ‘Under Review’. While the rating recently expired, GCR is far ad...

31 Oct 2016 In Market Alerts

GCR Places Rand Merchant Bank Nigeria Limited’s Ratings ‘Under Review’.

Lagos, 31 October 2016— Global Credit Ratings (“GCR”) has today placed Rand Merchant Bank Nigeria Limited’s long-term and short-term national scale ratings of A(NG) and A1(NG) respectively ‘Under Review’. Wh...

31 Oct 2016 In Market Alerts

Expiry of FSDH FUNDING SPV PLC Series 1 Bonds’ Indicative Rating.

Lagos, 30 September 2016— The indicative*, long term national scale rating of A-(NG) accorded to FSDH FUNDING PLC N100bn Debt Issuance Programme (Series 1 – N15.0bn Bonds)  by Global Credit Rating Company Limite...

05 Oct 2016 In Market Alerts

GCR extends the “Under Review” status of FBN Merchant Bank Limited’s Ratings

Lagos Nigeria, 30 September 2016 - Global Credit Ratings has extended the “Under Review” status of FBN Merchant Bank (formerly Kakawa Discount House) Limited’s national scale long term and short term ratings of A-(...

04 Oct 2016 In Market Alerts

GCR Extends FCMB Financing SPV Plc’s Series 3 Bonds’ Indicative* Rating of BBB(NG).

Lagos Nigeria, 30 September 2016 - Global Credit Ratings (“GCR”) has today extended FCMB Financing SPV Plc’s Series 3 Bonds’ indicative*, long term national scale rating of BBB(NG) with a Rating Watch. GCR expect...

02 Oct 2016 In Market Alerts

GCR places UBA’s MTNP 1 (Series 1&2 Notes) and MTNP 2 (Series 1 Notes) ratings ‘Under Review’.

Lagos, 30 September 2016—Global Credit Ratings has today extended the “Under Review” notice placed on United Bank for Africa Plc’s (“UBA”) N400bn Medium Term Note Programme (“MTNP 1”) Series 1 and Series ...

02 Oct 2016 In Market Alerts

GCR places Nigerian Aviation Handling Company Plc’s Ratings ‘Under Review’

Lagos, 30 September 2016—Global Credit Ratings has placed all the ratings related to Nigerian Aviation Handling Company Plc ‘Under Review’. These ratings are: Long term unsecured corporate rating: A-(NG); Sh...

01 Oct 2016 In Market Alerts

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

Lagos Nigeria, 30 September 2016 - Global Credit Ratings has today placed Ecobank Nigeria Limited’s national scale long term and short term ratings of A(NG) and A1-(NG) respectively ‘Under Review’. While the ratin...

30 Sep 2016 In Market Alerts

GCR places Niger State Government’s National Scale Ratings ‘Under Review’

Lagos, 30 September 2016 - Global Credit Ratings has placed the long term national scale issuer rating of BBB-(NG) assigned to the Niger State Government ‘Under Review’. Concurrently, the Tranche 1 N9bn Fixed Rate Bo...

30 Sep 2016 In Market Alerts

GCR extends the “Under Review” status of Lafarge Africa Plc’s ratings

Lagos, 30 September 2016 - Global Credit Ratings has extended the “Under Review” status of Lafarge Africa Plc’s national scale Issuer ratings of AA-(NG) and A1+(NG) in the long term and short term respectively to 3...

30 Sep 2016 In Market Alerts

GCR extends the indicative rating accorded to Forte Oil Plc’s proposed Series 1 Bonds

Lagos, 28 September 2016 - Global Credit Ratings has extended the validity of the national scale indicative rating of A-(NG) assigned to Forte Oil Plc’s (“Forte”) proposed Series 1 Bonds, to December 2016. The ind...

28 Sep 2016 In Market Alerts

GCR places Transcorp Hotels Plc’s National Scale Ratings ‘Under Review’

Lagos, 1 September 2016 - Global Credit Ratings has placed the long term and short term national scale issuer ratings of A-(NG) and A2 respectively, assigned to Transcorp Hotels Plc. ‘Under Review’. Concurrently, the...

01 Sep 2016 In Market Alerts

GCR places UBA’s MTNP 1 (Series 1 & 2 Notes) and MTNP 2 (Series 1 Notes) rating ‘Under Review’

Lagos, 31 August 2016—Global Credit Ratings has today placed United Bank for Africa Plc’s (“UBA”) N400bn Medium Term Note Programme (“MTNP 1”) Series 1 and Series 2, and N345bn MTNP 2 (Series 1) Notes’ nati...

31 Aug 2016 In Market Alerts

GCR places FSDH Asset Management Limited’s Management Quality Rating ‘Under Review’

Lagos, 31 August 2016—Global Credit Ratings has placed FSDH Asset Management Limited’s national scale management quality rating of BBB+(NG)(mq) ‘Under Review’. While the rating recently expired, GCR is far advanc...

31 Aug 2016 In Market Alerts

GCR Places Custodian Life Assurance Limited’s Rating ‘Under Review’.

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed Custodian Life Assurance Limited’s national scale financial strength rating of A-(NG) ‘Under Review’. While the rating recently expired, GCR ex...

31 Aug 2016 In Market Alerts

GCR places Infinity Trust Mortgage Bank Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed Infinity Trust Mortgage Bank Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) ‘Under Review’. While the ratings rece...

31 Aug 2016 In Market Alerts

GCR Extends FCMB Financing SPV Plc’s Series 3 Bonds’ Indicative# Rating

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today extended FCMB Financing SPV Plc’s Series 3 Bonds’ indicative# long term national scale rating of BBB(NG),  with a Rating Watch. GCR expects to revi...

31 Aug 2016 In Market Alerts

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

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed Diamond Bank Plc’s national scale long term and short term ratings of BBB+(NG) and A2(NG) ‘Under Review’. While the ratings recently expired, G...

31 Aug 2016 In Market Alerts

GCR Places FCMB Financing SPV Plc’s N100bn DIP (Series 1 and Series 2 Notes) Ratings ‘Under Review’.

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed FCMB Financing SPV Plc’s Debt Issuance Programme (“DIP”) Series 1 and Series 2 national scale ratings of BBB(NG) and A-(NG) respectively ‘Und...

31 Aug 2016 In Market Alerts

GCR places First City Monument Bank Limited’s Ratings ‘Under Review’.

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed First City Monument Bank Limited’s national scale long term and short term ratings of A-(NG) and A2(NG) ‘Under Review’. While the ratings recen...

31 Aug 2016 In Market Alerts

GCR places Lafarge Africa Plc’s Issuer ratings ‘Under Review’ and extends indicative Bond ratings

Lagos, 31 August 2016 - Global Credit Ratings has placed Lafarge Africa Plc’s national scale Issuer ratings of AA-(NG) and A1+(NG) for the long term and short term respectively ‘Under Review’. Concurrently, the val...

31 Aug 2016 In Market Alerts

GCR extends the ‘Under Review’ status on Tower Funding Plc’s bond ratings

Lagos, 31 August 2016 - Global Credit Ratings has extended the ‘Under Review’ status on Tower Funding Plc’s Medium Term Note Programme national scale bond Issue ratings of CCC(NG)(sf) for the Series 1 Tranche A Bo...

31 Aug 2016 In Market Alerts

GCR places Stanbic IBTC Bank PLC’s national scale ratings ‘Under Review’

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed Stanbic IBTC Bank PLC’s national scale long term and short term ratings of AA-(NG) and A1+(NG) respectively ‘Under Review’. While the ratings ...

31 Aug 2016 In Market Alerts

GCR places United Bank for Africa Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 31 August 2016 - Global Credit Ratings has today placed United Bank for Africa Plc’s national scale long term and short term ratings of AA-(NG) and A1+(NG) respectively ‘Under Review’. Furthermore, U...

31 Aug 2016 In Market Alerts

GCR extends the ‘Under Review’ status on Aarti Steel Nigeria Limited’s national scale ratings

Lagos, 31 August 2016—Global Credit Ratings has extended the ‘Under Review’ status on Aarti Steel Nigeria Limited’s (“Aarti”) long term and short term national scale issuer ratings of BBB-(NG) and A3(NG) ...

31 Aug 2016 In Market Alerts

GCR places Lagos State Government’s National Scale Ratings ‘Under Review’

Lagos, 1 August 2016 - Global Credit Ratings has placed the long term national scale issuer rating of A+(NG) assigned to the Lagos State Government ‘Under Review’. Concurrently, the following Issue ratings have also ...

01 Aug 2016 In Market Alerts

GCR places FBN Merchant Bank Limited’s Ratings ‘Under Review’.

Lagos Nigeria, 1 August 2016 - Global Credit Ratings has today placed FBN Merchant Bank (formerly Kakawa Discount House) Limited’s national scale long term and short term ratings of A-(NG) and A2(NG) ‘Under Review’...

01 Aug 2016 In Market Alerts

GCR places WSTC Financial Services Limited’s Ratings ‘Under Review’

Lagos Nigeria, 1 August 2016 - Global Credit Ratings has today placed WSTC Financial Services Limited’s national scale long term and short term ratings of BBB-(NG) and A3(NG) ‘Under Review’. While the ratings recen...

01 Aug 2016 In Market Alerts

GCR places NMRC Refinance Company Plc Series 1 Bond’s national scale rating ‘Under Review’

Lagos, 1 August 2016—Global Credit Ratings has placed Nigeria Mortgage Refinance Company Plc (“NMRC”) N140bn Medium Term Note Programme Series 1 Bonds’ national scale rating of AAA(NG)(sf) ‘Under Review’. Whi...

01 Aug 2016 In Market Alerts

GCR places UPDC Real Estate Investment Trust’s national scale rating ‘Under Review’

Lagos, 31 July 2016—Global Credit Ratings has placed UPDC Real Estate Investment Trust’s national scale rating of BBB(NG)(f) ‘Under Review’. While the rating recently expired, GCR is far advanced with the current...

01 Aug 2016 In Market Alerts

GCR places Stanbic IBTC Bank PLC SNP Series 1 Notes’ national scale ratings ‘Under Review’

Lagos, 31 July 2016—Global Credit Ratings has today placed Stanbic IBTC Bank PLC Structured Note Programme (“SNP”) Series 1 (Tranche A and Tranche B)’s national scale rating of A(NG) ‘Under Review’. While the...

01 Aug 2016 In Market Alerts

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

Lagos Nigeria, 4 July 2016 - Global Credit Ratings has today placed Access Bank Plc’s national scale long term and short term ratings of A+(NG) and A1(NG) ‘Under Review’. While the ratings recently expired, GCR is ...

04 Jul 2016 In Market Alerts

Expiry of FMBN SPV Issuer Limited Series 2 Notes Rating

Lagos, 1 July 2016 – The AAA(NG)(sf) long term rating previously assigned by Global Credit Ratings to the Series 2 Notes, issued by FMBN SPV Issuer Limited (“the Issuer”) under the N100bn Residential Mortgage Backe...

01 Jul 2016 In Market Alerts

GCR Places Skye Bank Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 30 June 2016 - Global Credit Ratings has placed Skye Bank Plc’s national scale long term and short term ratings of BBB-(NG) and A3(NG) ‘Under Review’. While the ratings recently expired, GCR is far a...

01 Jul 2016 In Market Alerts

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

Lagos Nigeria, 30 June 2016 - Global Credit Ratings has today placed Sterling Bank Plc’s national scale long term and short term ratings of BBB(NG) and A3(NG) ‘Under Review’. While the ratings recently expired, GCR...

30 Jun 2016 In Market Alerts

Unity Bank Plc’s national scale ratings expire

Lagos Nigeria, 30 June 2016 – The following Issuer ratings previously assigned by Global Credit Ratings (“GCR”) to Unity Bank Plc (“Unity Bank” or “the Bank”) have expired: Long-term rating: BB-(NG) Short-...

30 Jun 2016 In Market Alerts

GCR places Tower Funding Plc’s Bond Ratings ‘Under Review’

Lagos, 30 June 2016 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale bond Issue ratings of CCC(NG)(sf) for the Series 1 Tranche A Bonds and B(NG)(sf) for the Series 1 Tra...

30 Jun 2016 In Market Alerts

GCR places Aarti Steel Nigeria Limited’s National Scale Ratings ‘Under Review’

Lagos, 30 June 2016—Global Credit Ratings has placed Aarti Steel Nigeria Limited’s (“Aarti”) long term and short term national scale issuer ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. The ...

30 Jun 2016 In Market Alerts

GCR Extends Sterling Investment Management SPV PLC’s Series 1 Bonds’ Indicative* Rating

Lagos, 30 June 2016— Global Credit Ratings (“GCR”) has today, at the request of Sterling Bank Plc (“the Sponsor”), further extended Sterling Investment Management SPV PLC’s Series 1 Bonds’ indicative*, long...

30 Jun 2016 In Market Alerts

GCR Publishes its Nigeria Bank Bulletin

Lagos, 22 June 2016—Global Credit Ratings has today published its Nigeria Bank Bulletin, which covers a selection of economic, regulatory and industry-specific trends pertinent to the banking sector, and a sample of ma...

22 Jun 2016 In Market Alerts

GCR Extends the ‘Under Review’ Notice Placed on Standard Alliance Insurance Plc’s Rating.

Lagos Nigeria, 1 June 2016 - Global Credit Ratings has extended the ‘Under Review’ notice placed on Standard Alliance Insurance Plc’s national scale claims paying ability rating of BBB(NG). Global Credit Ratings ha...

01 Jun 2016 In Market Alerts

GCR places Nigeria Mortgage Refinance Company Plc’s national scale rating ‘Under Review’

Lagos, 01 June 2016—Global Credit Ratings has today placed Nigeria Mortgage Refinance Company Plc’s national scale rating of BBB+(NG) ‘Under Review’. While the rating recently expired, GCR is far advanced with th...

01 Jun 2016 In Market Alerts

Nigeria International Debt Fund’s national scale fund rating* expires

Lagos, 01 April 2016— The long-term national scale fund rating* previously assigned to Nigeria International Debt Fund (“NIDF”) has expired. GCR no longer supports the rating. The rating, was previously placed ‘u...

04 May 2016 In Market Alerts

GCR extends the ‘Under Review’ notice placed on Fidson Healthcare Plc’s Issuer and Bond ratings

Lagos, 1 May 2016—Global Credit Ratings has extended the ‘Under Review’ notice placed on Fidson Healthcare Plc’s long term and short term national scale issuer ratings of BBB(NG) and A3(NG) respectively. Conc...

03 May 2016 In Market Alerts

GCR places Standard Alliance Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 April 2016 - Global Credit Ratings has today placed Standard Alliance Insurance Plc’s national scale claims paying ability rating of BBB(NG) under review. While the rating recently expired, GCR expects...

01 Apr 2016 In Market Alerts

GCR Extends Sterling Investment Management SPV PLC’s Series 1 Bonds’ Indicative* Rating

Lagos, 31 March 2016— Global Credit Ratings (“GCR”) has today extended Sterling Investment Management SPV PLC’s Series 1 Bonds’ indicative*, long term national scale rating of BBB(NG) with a Stable outlook. GC...

01 Apr 2016 In Market Alerts

GCR Places Fidson Healthcare Plc’s National Scale Issuer and Bond ratings “Under Review”

Lagos, 1 April 2016—Global Credit Ratings has placed Fidson Healthcare Plc’s long term and short term national scale issuer ratings of BBB(NG) and A3(NG) respectively ‘Under Review’. Concurrently, the nationa...

01 Apr 2016 In Market Alerts

GCR Publishes its Nigeria Short Term Insurance Statistical Bulletin

Lagos Nigeria, 29 February 2016 - Global Credit Ratings has today published its annual Nigeria Short Term Insurance Statistical Bulletin, covering a sample of the sector and its participants’ performance for the period...

01 Mar 2016 In Market Alerts

Expiry of The La Casera Company Plc’s Issuer and Bond Ratings

Lagos, 1 February 2016 – The following Issuer and Bond ratings previously assigned by Global Credit Ratings (“GCR”) to The La Casera Company Plc (“TLCC”) have all expired: Long term rating:     &nb...

01 Feb 2016 In Market Alerts

GCR Publishes its Nigeria Financial Institutions Ratings Overview

Lagos Nigeria, 28 January 2016 - Global Credit Ratings has today published its Nigeria Financial Institutions Ratings Overview, which summarises the key factors impacting credit ratings of Nigerian financial institutions...

28 Jan 2016 In Market Alerts

GCR extends Sovereign Trust Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 4 January 2016 - Global Credit Ratings has today extended the ‘Under review’ applicable to Sovereign Trust Insurance Plc’s national scale claims paying ability rating of A-(NG). While the rating have...

04 Jan 2016 In Market Alerts

GCR extends NMRC’s Series 1 (N8.0bn) Bonds’ indicative* national scale rating

Lagos, 31 December 2015—Global Credit Ratings (“GCR”) has today extended Nigeria Mortgage Refinance Company Plc’s (“NMRC”) Series 1 (N8.0bn) Bonds’ indicative*, long-term national scale rating of AAA(NG) w...

29 Dec 2015 In Market Alerts

GCR extends FCMB Financing SPV Plc’s Series 2 (N30bn) Bonds’ indicative* national scale rating.

Lagos, 31 December 2015—Global Credit Ratings (“GCR”) has today extended FCMB Financing SPV Plc’s Series 2 (N30bn) Bonds’ indicative*, long-term national scale rating of A-(NG) with a Stable outlook. GCR expect...

29 Dec 2015 In Market Alerts

GCR places Nigeria International Debt Fund’s national scale ratings ‘Under Review’.

Lagos, 29 December 2015— Global Credit Ratings has today extended the “Under Review” notice placed on Nigeria International Debt Fund’s national scale rating of A-(NG)(f). While the rating recently expired, Globa...

29 Dec 2015 In Market Alerts

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

Lagos, 30 November 2015—Global Credit Ratings (“GCR”) has today placed Fidelity Bank Plc’s N30bn Bonds’ national scale rating of BBB(NG) ‘Under Review’. While the rating recently expired, GCR is far advance...

01 Dec 2015 In Market Alerts

GCR places C&I Leasing Plc’s Series 1 Bonds’ national scale rating ‘Under Review’.

Lagos, 30 November 2015—Global Credit Ratings (“GCR”) has today placed C&I Leasing Plc’s Series 1 Bonds’ national scale rating of BBB-(NG) ‘Under Review’. While the rating recently expired, GCR is far a...

01 Dec 2015 In Market Alerts

GCR places Chellarams Plc’s Issuer and Bond Ratings of BB(NG) “Under Review”

Lagos, 30 November 2015—Global Credit Ratings has placed Chellarams Plc’s (“Chellarams”) long term and short term national scale issuer ratings of BB(NG) and B(NG) respectively ‘Under Review’. Concurrentl...

01 Dec 2015 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on Ondo State Government’s National Scale Ratings

Lagos, 30 November 2015 - Global Credit Ratings has extended the ‘Under Review’ notice placed on the long term national scale rating of BBB-(NG) assigned to the Ondo State Government. Concurrently, the &lsquo...

01 Dec 2015 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on Nasarawa State Government’s National Scale Ratings

Lagos, 30 November 2015 - Global Credit Ratings has extended the ‘Under Review’ notice placed on the long term national scale rating of BBB-(NG) assigned to the Nasarawa State Government. Concurrently, the ‘Under R...

01 Dec 2015 In Market Alerts

GCR places Leadway Assurance Company Limited’s Rating ‘Under Review’.

Lagos Nigeria, 1 December 2015 - Global Credit Ratings has today placed Leadway Assurance Company Limited’s national scale claims paying ability rating of A+(NG) under review. While the rating recently expired, GCR exp...

01 Dec 2015 In Market Alerts

GCR places NEM Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 1 December 2015 - Global Credit Ratings has today placed NEM Insurance Plc’s national scale claims paying ability rating of A-(NG) under review. While the rating recently expired, GCR expects to publicly...

01 Dec 2015 In Market Alerts

GCR places Fidelity Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 01 December 2015 - Global Credit Ratings has today placed Fidelity Bank Plc’s national scale long term and short term ratings of A-(NG) and A1-(NG) respectively ‘Under Review’. While the ratings rece...

01 Dec 2015 In Market Alerts

GCR extends “Under Review” of The La Casera Company Plc’s Issuer and Bond Ratings

Lagos, 30 November 2015—Global Credit Ratings has extended the “Under Review” of The La Casera Company Plc’s (“TLCC”) long term national scale and short term national scale issuer ratings of BBB+(NG) and ...

01 Dec 2015 In Market Alerts

GCR extends “Under Review” of Tower Funding Plc’s Bond Ratings

Lagos, 30 November 2015 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale bond issue ratings of B+(NG)(sf) for the Series 1 Tranche A Bonds and A(NG)(sf) for the Series 1 ...

01 Dec 2015 In Market Alerts

GCR places Aarti Steel Nigeria Limited’s National Scale Ratings ‘Under Review’

Lagos, 30 November 2015—Global Credit Ratings has placed Aarti Steel Nigeria Limited’s (“Aarti”) long term and short term national scale issuer ratings of BBB(NG) and A3(NG) respectively ‘Under Review’. ...

30 Nov 2015 In Market Alerts

GCR places Fidelity Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 30 November 2015 - Global Credit Ratings has today placed Fidelity Bank Plc’s national scale long term and short term ratings of A-(NG) and A1-(NG) respectively ‘Under Review’. While the ratings rece...

30 Nov 2015 In Market Alerts

GCR places Nigeria International Debt Fund’s national scale ratings ‘Under Review’.

Lagos, 30 October 2015—Global Credit Ratings has today placed Nigeria International Debt Fund’s national scale rating of A-(NG)(f) ‘Under Review’. While the rating recently expired, Global Credit Rating Company ...

30 Oct 2015 In Market Alerts

GCR places Nigeria Reinsurance Corporation’s Rating ‘Under Review’.

Lagos Nigeria, 30 October 2015 - Global Credit Ratings has today placed Nigeria Reinsurance Corporation’s national and international scale claims paying ability ratings of “BBB+(NG)” and “B” Under Review. While...

30 Oct 2015 In Market Alerts

GCR places Sterling Asset Management and Trustees Limited’s national scale ratings ‘Under Review’.

Lagos, 30 October 2015—Global Credit Ratings has today placed Sterling Asset Management and Trustees Limited’s national scale long-term and short-term ratings of BBB-(NG) and A3(NG), respectively ‘Under Review’. ...

30 Oct 2015 In Market Alerts

Mutual Alliance Investment and Securities Limited’s national scale rating of BB(NG) has expired

Lagos, 30 October 2015 — Mutual Alliance Investment and Securities Limited’s long-term national scale rating of BB(NG) has expired. Global Credit Rating (“GCR”) no longer supports the rating. The rating has expir...

30 Oct 2015 In Market Alerts

GCR places Diamond Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 30 October 2015 - Global Credit Ratings has today placed Diamond Bank Plc’s national scale long term and short term ratings of A-(NG) and A2(NG) respectively ‘Under Review’. While the ratings recentl...

30 Oct 2015 In Market Alerts

GCR places Sovereign Trust Insurance Plc’s Rating ‘Under Review’.

Lagos Nigeria, 30 October 2015 - Global Credit Ratings has today placed Sovereign Trust Insurance Plc’s national scale claims paying ability rating of A-(NG) Under Review. While the rating recently expired, GCR expects...

30 Oct 2015 In Market Alerts

GCR places C&I Leasing Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 30 October 2015 - Global Credit Ratings has today placed C&I Leasing Plc’s national scale long term and short term ratings of BBB-(NG) and A3(NG) ‘Under Review’. While the ratings recently expire...

30 Oct 2015 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on Gombe State Government’s National Scale Ratings

Lagos, 29 October 2015 - Global Credit Ratings has today extended the ‘Under Review’ notice placed on the long term national scale rating of BBB-(NG) assigned to the Gombe State Government. Concurrently, the ‘Under...

29 Oct 2015 In Market Alerts

GCR places Tower Funding Plc’s Bond Ratings ‘Under Review’

Lagos, 29 October 2015 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale bond issue ratings of B+(NG)(sf) for the Series 1 Tranche A Bonds and A(NG)(sf) for the Series 1 T...

29 Oct 2015 In Market Alerts

GCR Extends “Under Review”’ of Nigerian Aviation Handling Company Plc’s National Scale ratings

Lagos, 29 October 2015—Global Credit Ratings has today extended the ‘Under Review’ notice placed on the long term national scale rating of A-(NG) and short term national scale rating of A2(NG) assigned to Niger...

29 Oct 2015 In Market Alerts

Africa Finance Corporation’s national scale ratings of AA+(NG) accorded by GCR has expired

Lagos, 30 September 2015 — Africa Finance Corporation’s (“AFC”) national scale ratings of AA+(NG) and A1+(NG) in the long term and short term respectively have expired. Global Credit Rating (“GCR”) no longer ...

30 Sep 2015 In Market Alerts

GCR Places Six State Government Ratings ‘Under Review’.

Lagos, 30 September 2015 – Global Credit Rating has placed the long term national scale ratings of six State Governments ‘Under Review’. Concurrently, the ratings accorded to their respective bond Issues have also ...

30 Sep 2015 In Market Alerts

GCR places Law Union and Rock Insurance Plc’s Rating ‘under review’.

Lagos Nigeria, 30 September 2015 - Global Credit Ratings has today placed Law Union and Rock Insurance Plc’s national scale claims paying ability rating of BBB+(NG) under review. While the rating recently expired, GCR ...

30 Sep 2015 In Market Alerts

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

Lagos Nigeria, 01 October 2015 - Global Credit Ratings has today placed Ecobank Nigeria Limited’s national scale long term and short term ratings of A-(NG) and A2(NG) respectively ‘Under Review’. While the ratings ...

30 Sep 2015 In Market Alerts

GCR places Nigerian Aviation Handling Company Plc’s Ratings ‘Under Review’

Lagos, 30 September 2015—Global Credit Ratings has placed all the ratings related to Nigerian Aviation Handling Company Plc ‘Under Review’. These ratings are: Long term unsecured corporate rating: A-(NG); Sho...

30 Sep 2015 In Market Alerts

Expiry of State Government of Osun’s National Scale Ratings.

Lagos, 30 September 2015 – Global Credit Ratings’ long term national scale rating of BB(NG) accorded to the State Government of Osun and the national scale BBB+(NG) rating accorded to the State’s N30bn Tranche I Fi...

30 Sep 2015 In Market Alerts

GCR extends the ‘Under Review’ notice placed on UPDC REIT’s national scale rating

Lagos, 30 September 2015—Global Credit Ratings has today extended the ‘Under Review’ notice placed on UPDC Real Estate Investment Trust’s (‘REIT’) national scale rating of BBB(NG)(f). While the rating recentl...

30 Sep 2015 In Market Alerts

GCR places FCMB Financing SPV Plc’s Series 1 Bonds national scale rating ‘Under Review’.

Lagos, 30 September 2015—Global Credit Ratings has today placed FCMB Financing SPV Plc’s Series 1 Bonds national scale rating of BBB(NG) ‘Under Review’. While the rating recently expired, GCR is far advanced with...

30 Sep 2015 In Market Alerts

GCR places The La Casera Company Plc’s Issuer and Bond Ratings of BBB+(NG) “Under Review”

Lagos, 30 September 2015—Global Credit Ratings has placed The La Casera Company Plc’s (“TLCC”) long term national scale and short term national scale issuer ratings of BBB+(NG) and A2(NG) respectively ‘Unde...

30 Sep 2015 In Market Alerts

GCR Extends the ‘Under Review’ notice placed on the State Government of Osun’s National Scale Rating

Lagos, 1 September 2015 - Global Credit Ratings has today extended the ‘Under Review’ notice placed on the long term national scale rating of BB(NG) assigned to the State Government of Osun. Concurrently, the rating ...

01 Sep 2015 In Market Alerts

GCR places UBA’s N400bn MTNP (Series 1 and Series 2 Notes) Ratings ‘Under Review’.

Lagos, 31 August 2015—Global Credit Ratings has today placed both United Bank for Africa Plc’s (“UBA”) Medium Term Note Programme (“MTNP”) Series 1 and Series 2 national scale long term ratings of A(NG) ‘Un...

31 Aug 2015 In Market Alerts

GCR places Infinity Mortgage Bank Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 31 August 2015 - Global Credit Ratings has today placed Infinity Trust Mortgage Bank Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) ‘Under Review’. While the ratings rece...

31 Aug 2015 In Market Alerts

GCR extends “Under Review” of Lafarge Africa Plc’s (formerly Lafarge WAPCO) national scale ratings

Lagos, 28 August 2015 - Global Credit Ratings has extended the “Under Review” notification on Lafarge Africa Plc’s (formerly Lafarge Cement WAPCO Nigeria Plc) long term and short term national scale ratings of A+(N...

28 Aug 2015 In Market Alerts

GCR Publishes Its Nigerian Short Term Insurance Bulletin

Lagos, 5 Aug 2015—Global Credit Ratings has today published its annual Nigerian Insurance Bulletin, covering a sample of the sector and its participants’ performance for the period to end-2013. Existing clients a...

05 Aug 2015 In Market Alerts

GCR places Stanbic IBTC Bank PLC’s SNP Series 1 national scale rating ‘Under Review’.

Lagos, 31 July 2015—Global Credit Ratings has today placed Stanbic IBTC Bank PLC’s Structured Note Programme (“SNP”) Series 1 (Tranche A and Tranche B) national scale rating of A(NG) ‘Under Review’. While the...

31 Jul 2015 In Market Alerts

GCR places UPDC Real Estate Investment Trust’s national scale rating ‘Under Review’

Lagos, 31 July 2015—Global Credit Ratings has today placed UPDC Real Estate Investment Trust’s national scale rating of BBB(NG)(f) ‘Under Review’. While the rating recently expired, GCR is far advanced with the c...

31 Jul 2015 In Market Alerts

GCR places State Government of Osun’s National Scale Ratings ‘Under Review’

Lagos, 31 July 2015 - Global Credit Ratings has today placed the long term national scale rating of BB(NG) assigned to the State Government of Osun ‘Under Review’. Concurrently, the rating of BBB+(NG) accorded to th...

31 Jul 2015 In Market Alerts

GCR places Lafarge Africa Plc’s (formerly Lafarge WAPCO) national scale ratings ‘Under Review’

Lagos, 29 July 2015 - Global Credit Ratings has placed Lafarge Africa Plc’s (formerly Lafarge Cement WAPCO Nigeria Plc) national scale ratings of A+(NG) and A1+(NG) for the long term and short term respectively ‘Unde...

29 Jul 2015 In Market Alerts

GCR places Unity Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 01 July 2015 - Global Credit Ratings has today placed Unity Bank Plc’s national scale long-term and short-term ratings of BBB-(NG) and A3(NG) respectively ‘Under Review’. While the ratings recently e...

01 Jul 2015 In Market Alerts

GCR places Sterling Bank Plc’s national scale ratings ‘Under Review’

Lagos Nigeria, 01 July 2015 - Global Credit Ratings has today placed Sterling Bank Plc’s national scale long-term and short-term ratings of BBB(NG) and A3(NG) respectively ‘Under Review’. While the ratings recently...

01 Jul 2015 In Market Alerts

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

Lagos Nigeria, 1 July 2015 - Global Credit Ratings has today placed Skye Bank Plc’s national scale long term and short term ratings of A-(NG) and A1-(NG) ‘Under Review’. While the rating recently expired, GCR is fa...

01 Jul 2015 In Market Alerts

GCR Ceases Rating Coverage on HMK Real Estate Investment Trust

Lagos, 3 June 2015—HMK Real Estate Investment Trust (“HMK REIT”) launched its Initial Public Offering (“IPO”) to be listed on The Nigerian Stock Exchange, on 4 December 2014, with the extended offer period ...

03 Jun 2015 In Market Alerts

Fidson Healthcare Plc’s N2bn Bond Indicative rating of A-(NG) extended to 31 August 2015

Lagos, 2 June 2015—In September 2014, Global Credit Ratings (“GCR”) assigned an indicative rating of A-(NG) to Fidson Healthcare Plc’s N2bn Secured Bond, with the expiry of the indicative bond rating being 31...

02 Jun 2015 In Market Alerts

GCR Downgrades five State government ratings, places the Nigerian sub-national sector on ‘Negative Outlook’

Lagos, 18 May 2015—GCR Downgrades five State government ratings, places the Nigerian sub-national sector on ‘Negative Outlook’ BACKGROUND During 2H 2014, GCR had warned in its rating reports that the ...

18 May 2015 In Rating Notifications, Market Alerts

GCR extends Fidson Healthcare Plc’s N2bn Bond Indicative rating of A-(NG)

Lagos, 30 March 2015—Global Credit Ratings assigned an indicative rating of A-(NG) to Fidson Healthcare Plc’s N2bn Secured Bond in September 2014, with the expiry of the indicative rating being 31 March 2015. Alt...

30 Mar 2015 In Market Alerts

GCR extends the ‘Under Review’ notification on Aarti Steel Nigeria Limited’s National Scale Ratings

Lagos, 30 January 2015 - Global Credit Ratings has today extended the ‘Under Review’ notification issued in December 2014 relating to Aarti Steel Nigeria Limited’s long term national scale and short term national s...

30 Jan 2015 In Market Alerts

GCR places Leadway Assurance Company Limited’s Rating ‘under review’.

Lagos Nigeria, 1 December 2014 - Global Credit Ratings has today placed Leadway Assurance Company Limited’s national scale claims paying ability rating of A+(NG) under review. While the rating recently expired, GCR is ...

01 Dec 2014 In Market Alerts

GCR places Fidelity Bank Plc’s national scale ratings ‘Under Review’

Lagos, 01 Dec. 2014—Global Credit Ratings has placed Fidelity Bank Plc’s national scale long term and short term ratings of A-(NG) and A1-(NG) ‘Under Review’. While the rating recently expired, GCR is far advanc...

01 Dec 2014 In Market Alerts

GCR places Nassarawa State Government of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 1 December 2014 - Global Credit Ratings has placed the long term national scale rating of BBB(NG) assigned to Nassarawa State Government of Nigeria ‘Under Review’. Concurrently, the Tranche 1: N5bn Fixed Rate ...

01 Dec 2014 In Market Alerts

GCR places Ondo State Government of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 1 December 2014 - Global Credit Ratings has placed the long term national scale rating of BBB(NG) assigned to Ondo State Government of Nigeria ‘Under Review’. Concurrently, the N27bn Fixed Rate Bond: Series 1 ...

01 Dec 2014 In Market Alerts

GCR places Aarti Steel Nigeria Limited’s National Scale Ratings ‘Under Review’

Lagos, 1 December 2014 - Global Credit Ratings has placed the long term national scale and short term national scale issuer ratings of BBB(NG) and A3(NG) respectively, accorded to Aarti Steel Nigeria Limited, ‘Under Re...

01 Dec 2014 In Market Alerts

GCR places Standard Alliance Insurance Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 31 October 2014 - Global Credit Ratings has today placed Standard Alliance Insurance Plc’s national scale claims paying ability rating of BBB(NG) “Under Review”. While the rating recently expired, GC...

03 Nov 2014 In Market Alerts

GCR places NEM Insurance Plc’s Ratings ‘Under Review’.

Lagos Nigeria, 31 October 2014 - Global Credit Ratings has today placed NEM Insurance Plc’s national scale claims paying ability rating of A-(NG) “Under Review”. While the rating recently expired, GCR expects to pu...

03 Nov 2014 In Market Alerts

Expiry of Sundry Foods Limited’s Issuer Rating of BBB(NG)

Lagos, 30 October 2014 – The national scale ratings previously assigned to Sundry Foods Limited of BBB(NG) in the long term and A3(NG) in the short term have expired.  Global Credit Ratings no longer supports the...

31 Oct 2014 In Market Alerts

GCR places Chellarams Plc’s Issuer and Bond Ratings of BB+(NG) “Under Review”

Lagos, 30 October 2014—Global Credit Ratings has placed Chellarams Plc’s (“Chellarams”) long term and short term national scale issuer ratings of BB+(NG) and B(NG) respectively ‘Under Review’. Concurrentl...

30 Oct 2014 In Market Alerts

Expiry of Dana Group of Companies Plc’s Issuer and Bond ratings

Lagos, 30 October 2014 – The following Issuer and Bond ratings previously assigned by Global Credit Ratings to Dana Group of Companies Plc (“Dana Group”) have all expired: Long term rating:  BB+(NG) Shor...

30 Oct 2014 In Market Alerts

GCR places Africa Finance Corporation’s national scale ratings ‘Under Review’

Lagos, 01 October 2014—Global Credit Rating has today placed Africa Finance Corporation’s national scale long term and short term ratings of AA(NG) and A1+(NG) respectively ‘Under Review’. While the ratings recen...

08 Oct 2014 In Market Alerts

GCR places UPDC Real Estate Investment Trust’s national scale ratings ‘Under Review’

Lagos, 01 October 2014—Global Credit Rating has today placed UPDC Real Estate Investment Trust’s national scale rating of BBB(NG)(f) ‘Under Review’. While the rating recently expired, GCR is far advanced with the...

08 Oct 2014 In Market Alerts

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

Lagos, 01 October 2014—Global Credit Ratings has today placed Ecobank Nigeria Limited’s national scale long term and short term ratings of A-(NG) and A2(NG) respectively ‘Under Review’. While the ratings recently...

08 Oct 2014 In Market Alerts

GCR places Nigerian Aviation Handling Company Plc’s Ratings ‘Under Review’

Lagos, 1 October 2014—Global Credit Ratings has placed all the ratings related to Nigerian Aviation Handling Company (“NAHCo”) ‘Under Review’. These ratings are: Long term unsecured corporate rating: A-(NG...

08 Oct 2014 In Market Alerts

GCR places Delta State Government of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 30 September 2014 - Global Credit Ratings has placed the long term national scale rating of A-(NG) assigned to Delta State Government ‘Under Review’. Concurrently, the N50bn Fixed Rate Bond rating of A+(NG) ha...

30 Sep 2014 In Market Alerts

GCR places The La Casera Company Plc’s Issuer and Bond Ratings of BBB+(NG) “Under Review”

Lagos, 30 September 2014—Global Credit Ratings has placed The La Casera Company Plc’s (“TLCC”) long term national scale and short term national scale issuer ratings of BBB+(NG) and A2(NG) respectively ‘Unde...

30 Sep 2014 In Market Alerts

GCR places Lagos State Government of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 1 September 2014 - Global Credit Ratings has today placed the long term national scale rating of the Lagos State Government of A+(NG) ‘Under Review’. Concurrently the following Issue ratings have also been pla...

04 Sep 2014 In Market Alerts

GCR places State Government of Osun of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 1 September 2014 - Global Credit Ratings has today placed the long term national scale rating of BBB(NG) assigned to the State Government of Osun ‘Under Review’. Concurrently the Series A N30bn Bond Issuance ...

04 Sep 2014 In Market Alerts

GCR places Gombe State Government of Nigeria’s National Scale Ratings ‘Under Review’

Lagos, 1 September 2014 - Global Credit Ratings has today placed the long term national scale rating of BBB(NG) assigned to the Gombe State Government of Nigeria ‘Under Review’. Concurrently, the rating of A-(NG) acc...

01 Sep 2014 In Market Alerts

GCR places Dana Group of Companies Plc’s Ratings ‘Under Review’

Lagos, 1 September 2014 - Global Credit Ratings has placed all the ratings related to Dana Group of Companies Plc (“Dana Group”) ‘Under Review’. These ratings are: Long term unsecured corporate rating: BB+(NG);...

01 Sep 2014 In Market Alerts

GCR places Tower Funding Plc’s Ratings ‘Under Review’

Lagos, 1 September 2014 - Global Credit Ratings has placed Tower Funding Plc’s Medium Term Note Programme national scale issuer ratings of BB-(NG)(SF) for the Series 1 Tranche A Bonds and A+(NG)(SF) for the Series 1 Tr...

01 Sep 2014 In Market Alerts

GCR Downgrades the Rating Ceiling for the Discount House Subsector to A-(NG)

Lagos, - Global Credit Rating Company Limited has downgraded the national scale long term rating ceiling for the discount house subsector by a single notch to A-(NG) (single A minus). This was based on the gradual phasin...

27 Aug 2014 In Market Alerts

GCR places Access Bank Plc’s national scale rating of A(NG) ‘Under Review’

Lagos, 1 Aug 2014 - Global Credit Rating Company Limited has placed Access Bank Plc’s national scale issuer ratings of A(NG) and A1(NG) in the long term and short term respectively “Under Review”. While the ratings...

05 Aug 2014 In Market Alerts

GCR places Lafarge Cement WAPCO Nigeria Plc’s National Scale Ratings ‘Under Review’

Nigeria, 31 July 2014 - Global Credit Ratings has today placed the long term national scale and short term national scale issuer ratings of A+(NG) and A1+(NG) respectively assigned to Lafarge Cement WAPCO Nigeria Plc ‘...

04 Aug 2014 In Market Alerts

GCR places FSDH Asset Management Limited’s national scale ratings ‘Under Review’

Lagos, 04 Aug 2014—Global Credit Rating Company Limited has today placed FSDH Asset Management Limited’s national scale manager quality rating of BBB(NG)(mq) ‘Under Review’. While the rating recently expired, GCR...

04 Aug 2014 In Market Alerts

GCR places Infinity Trust Mortgage Bank Plc’s national scale ratings ‘Under Review’

Lagos, 01 Aug 2014—Global Credit Rating Company Limited has today place Infinity Trust Mortgage Bank Plc’s national scale debt ratings of BB+(NG) and A3(NG) ‘Under Review’. While the ratings recently expired, GCR...

04 Aug 2014 In Market Alerts

GCR places Credit Direct Limited’s national scale rating of BBB-(NG) ‘Under Review’

Lagos, 30 Jun 2014 - Global Credit Rating Company Limited has placed Credit Direct Limited’s national scale issuer ratings of BBB-(NG) and A3(NG) in the long term and short term respectively “Under Review”. While t...

01 Jul 2014 In Market Alerts

GCR places C & I Leasing Plc’s Series 1 Bonds’ national scale rating of BBB-(NG) ‘Under Review’

Lagos, 23 Jun 2014 - Global Credit Rating Company Limited has placed C&I Leasing Plc’s Series 1 Bonds’ national scale issue rating of BBB-(NG) “Under Review”. While the rating recently expired, GCR has initia...

25 Jun 2014 In Market Alerts

GCR places C & I Leasing Plc’s national scale rating of BBB-(NG) ‘Under Review’

Lagos, 23 Jun 2014 - Global Credit Rating Company Limited has placed C&I Leasing Plc’s national scale issuer ratings of BBB-(NG) and A3(NG) in the long term and short term respectively “Under Review”. While the...

24 Jun 2014 In Market Alerts

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Recent Rating Reports

10 Oct 2017: Rand Merchant Bank Nigeria Limited

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10 Oct 2017: North South Power Company Limited

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10 Oct 2017: Nigeria Mortgage Refinance Company Plc

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10 Oct 2017: Fortis Microfinance Bank Plc

10 Oct 2017: Flour Mills of Nigeria

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10 Oct 2017: FSDH Merchant Bank Limited

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