Global Credit Rating Co. (GCR)

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The Global Credit Rating Co. (GCR) is one of the reputed rating agencies in the world. It operates across four continents and provides ratings for around 1000 organizations. Global Credit Rating Co. (GCR) provides services for banks, insurance organizations, assurance and reinsurance companies, MFIs, corporate and industrial borrowers, building societies and discount houses, health care, structured finance, and utilities and local authorities.

Global Credit Rating Co. (GCR) was established by Duff & Phelps Credit Rating Co. as its African arm, back in 1996. Duff & Phelps Credit Rating Co. is listed on the NYSE (New York Stock Exchange). With steady growth over the years, the Global Credit Rating Co. (GCR) has emerged as one of the leaders in rating services in Africa. More than 60% of the ratings in the African continent are provided by Global Credit Rating Co. (GCR). It employs the highest number of rating analysts in Africa. The African headquarters of Global Credit Rating Co. (GCR)are in Johannesburg.

Global Credit Rating Co. (GCR) provides both short term and long term ratings based on symbols. The different ratings provided by this credit rating agency are:

Short term ratings:

A1+: (High grade rating) Maximum certainty of payment on time
A1: (High grade rating) Certainty of payment on time is very high
A1- : (High grade rating) Certainty of payment on time is quite high

A2: (Good grade rating) There is a good certainty of payment on time
A3: (Satisfactory grade rating) Liquidity factors are satisfactory
B: (Non investment grade rating) Characteristics of investment are speculative
C: (Default rating) Indicates failure on the part of the issue to met payments (interest or principal)

Long term ratings:

AAA: (Investment grade rating) Highest quality of credit
AA+/AA/AA- : (Investment grade rating) Quality of credit is very high
A+/A/A- : (Investment grade rating) Quality of credit is high
BBB+/BBB/BBB- : (Investment grade rating) Protection factors are adequate
BB+/BB/BB- : (Non-investment grade rating) Ability of payment on time exist
B+/B/B- : (Non-investment grade rating) Risk of not being able to met payment obligations in time
CCC : (Non-investment grade rating) Quite high risk of not being able to met payment obligations in time
DD : (Non-investment grade rating) Default in obligations of debt

The advantages of Global Credit Rating Co. (GCR) ratings are:

Subscriber base is large - Global Credit Rating Co. (GCR) has a subscriber basr that covers more than 700 international and local issuing and investing organizations.
Market leader in the African continent - Global Credit Rating Co. (GCR) rates more companies in Africa than the combined number by all other rating agencies in this continent. GCR leads the African credit rating market by a big margin.
Accuracy of ratings - This rating agency has an excellent record of rating accuracy that is unmatched by any other rating agency in Africa.
Competitive prices - Global Credit Rating Co. (GCR) provides its services at much cheaper rates compared to other agencies. The rates of GCR, in many cases, are less than half of what is charged by its competitors.Regulatory recognitions - GCR has proper accreditations to its credit.

The contact details of Global Credit Rating Co. (GCR) are:

African Head Office
First Floor, Block A, Wierda Mews
41 Wierda Road West
Wierda Valley
Sandton
South Africa

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Raghuram Rajan

Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.

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