Criteria

Criteria

Contact Details

Sector Head: Yvonne Mujuru
Telephone: +27 11 784 1771
Email: ymujuru@GCRratings.com

Overview

GCR is the leading rating agency in Africa , with particular expertise in claims paying ability ratings. Overall, GCR accounts for approximately 81% of all claims paying ability ratings accorded on the African continent and boasts a ratings coverage ratio of up to 95% in certain markets.


Methodologies

  • Global Master Criteria for Rating Short Term Insurance and Reinsurance Companies (Download)
  • Criteria for Rating Insurers’ Debt and Hybrid Equity Instruments (Download)
  • Criteria for Rating Cell Captive Insurers (Download)
  • Criteria for Rating Newly Established and Start-Up Insurance Companies (Download)
  • Global Master Criteria for Rating Long Term Insurance and Reassurance Companies (Download)
  • Criteria for Rating South African Medical Schemes (Download)

Contact Details

Sector Head: yohan Assous Telephone: +27 11 784 1771 Email: yohan@GCRratings.com

Overview

GCR’s structured finance sector covers a wide variety of structured transactions. Examples are all forms of securitisations, credit linked securities, structured preference shares or other securities, structured bond funds and other cashflow driven transactions (e.g. project finance). Our structured finance rating approach is described in publicly available rating criteria reports.

Methodologies

  • Global Master Structured Finance Rating Criteria (Download)
  • Global Consumer Asset Backed Securitisation (ABS) Rating Criteria (Download)
  • Global Trade Receivables Securitisation Rating Criteria (Download)
  • Global Summary Structurally Enhanced Corporate Bonds Rating Criteria (Download)
  • Global Residential Mortgage Backed Securities (RMBS) Rating Criteria (Download)
  • Global Commercial Mortgage Backed (CMBS) Rating Criteria (Download)
  • Global Asset Backed Commercial Paper (ABCP) Rating Criteria (Download)
  • Global Master Structured Finance Servicer Rating Criteria (Download)
  • Global Credit-Linked Note and Repackaging Vehicle Rating Criteria (Download)
  • Collateralised Loan Obligation (‘CLO’) Rating Criteria (Download)
  • Project Finance Rating Criteria (Download)

Research Piece

Global Credit Ratings Asset-Backed Securities Cash Flow Model Download

Contact Details

Sector Head: Eyal Shevel
Telephone: +27 11 784 1771
Email: shevel@GCRratings.com

Overview

GCR’s rating approach employs analytical techniques that incorporate quantitative and qualitative factors. Our ratings reflect an evaluation of the organisation’s current financial position, as well as how the financial position may change in the future. In addition, our analysis focuses on a range of administrative, economic and operational factors. GCR examines the ability of the organisation to meet its obligations under reasonable and stressful scenarios. Although this methodology focuses on rating general obligations, it is also relevant to specific debt issues. GCR’s objective is to assign ratings that are applicable throughout the various stages of a business cycle.

Methodologies

  • Global Master Criteria for Rating Corporate Entities (Download)
  • Global Criteria for Rating Property Funds (Download)
  • Global Master Criteria for Rating Public Entities (Download)
  • Global Criteria for Rating Water Utilities (Download)
  • Global Criteria for Rating Power Utilities (Download)

Contact Details

Sector Head: Matthew Pirnie Telephone: +27 11 784 1771 Email: matthewp@GCRratings.com

Overview

The rating of banks and other financial institutions accounts for a significant portion of GCR’s business, as GCR rates more banks and other financial institutions in Africa than any other rating agency. GCR’s expertise in this market is widely recognised and highly regarded by investors, as we have an unparalleled track record for rating accuracy in Africa. GCR’s methodology for rating banks and other financial institutions covers commercial banks, merchant banks, building societies, discount houses, microfinance institutions, finance and leasing companies and other similar financial institutions. In addition, a methodology for according “quality” ratings (which differ from credit ratings) to funds and asset managers, is also presented.

Methodologies

  • Global Master Criteria for Rating Banks and Other Financial Institutions (Download)
  • Global Criteria for Rating Finance and Leasing Companies (Download)
  • Global Criteria for Rating Microfinance Institutions (Download)
  • Global Master Criteria for Rating Funds and Asset Managers (Download)
  • Global Criteria for Rating Multilateral Development Banks (Download)

Overview

The intention of the detailed glossaries is to provide definitions for technical terms and jargon, acronyms and selected credit and other financial/ operating ratios commonly used in Global Credit Ratings’ published reports and occasional research papers. The glossaries are structured in a way that enables those who have no or limited financial and/or credit experience to seek sufficient clarity. Ease of interpretation and technical correctness were both goals in the development of the glossary definitions. The content of these glossaries is not intended to be comprehensive and/or complete, remains a work in progress, and will be updated periodically.

Glossary of GCR’s Terms List

  • Glossary Of Terms, Acronyms And Ratios Used In The Structured Finance Sector (Download)
  • Glossary Of Terms, Acronyms And Ratios Used In The Financial Institutions Sector (Download)
  • Glossary Of Terms, Acronyms And Ratios Used In The Corporate And Public Sector (Download)
  • Glossary Of Terms, Acronyms And Ratios Used In The Insurance Sector (Download)