GCR accords both local currency National Scale ratings (which are typically tiered against an assumed “best possible” rating of AAA and enable appropriate differentiation of credit quality within each country), as well as International Scale ratings (which assess the capacity to meet commitments using a globally applicable scale, and as such are directly comparable across all countries).
GCR rates the full spectrum of security classes and its core competitive advantage is based on the principal of “analytical excellence”. It is important to appreciate the fact that emerging markets are fundamentally different to the developed markets in the US and Western Europe, which calls for a deeper appreciation of the unique characteristics of these markets. As a result of this, leading investors have placed ever-increasing reliance on GCR’s ratings and market research. Accordingly, GCR boasts a substantial subscriber base, encompassing several local and international issuing and investing institutions. Due to GCR’s entrenched position in key African markets and substantial scale economies, our rating and subscription fees are considerably lower than the competition.
GCR expects its universe of rated entities to continue to expand rapidly given the current growth trajectory of the African continent, underpinned by a tangible increase in interest in African business from investors across the globe. With its leading position in the African ratings environment, and extensive geographic network, GCR is in a unique position to offer both Issuers and Investors with unrivalled service and local expertise.