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.
Services offered
GCR provides the full range of rating and research services, sub-divided by the following key sectors:
- Banks, building societies & discount houses
- Insurance, assurance & reinsurance
- Corporates & industrial borrowers
- Parastatals, utilities & local authorities
- Structured finance & securitisation
- Medical schemes ( South Africa only)
GCR Africa provides these ratings and research services in a number of Southern, East and West African countries. In total the above sectors incorporate ratings and research on approximately 400 individual organisations. In the course of its rating activities GCR has also established very comprehensive statistical databases and strategic industry profiles in all sectors.
What subscribers receive
In each country, clients can choose which sectors they wish to subscribe to and are entitled to:
- The detailed rating reports issued on individual participants in the nominated sector.
- The regular industry bulletins compiled in each sector, incorporating a strategic industry overview and summarised profiles on all companies in the sector.
- The regular rating update bulletins and newsletters summarising all ratings/changes and commenting on topical credit risk issues.
- Access to the comprehensive statistical databases maintained in each sector.
- Access to individual senior analysts in order to discuss both company and industry related issues.
- Automatic placement in our “hot line” service whereby clients are electronically advised in the event of a development that we feel may adversely impact on a rating.
Costs
The annual cost of subscribing to any one specific sector in South Africa averages around US$2,900, with discounts applicable to clients which subscribe to more than one sector. For example the annual cost of subscribing to all 6 sectors in South Africa is US$10,000. The annual cost of subscribing to any one specific sector in each other country in which GCR has established a presence averages around US$2,500, with a discounted fee of US$4,900 (per country) applicable in respect of subscribing to all sectors in the country.
Key advantages of GCR's subscription service, relative to other agencies.
- We have the greatest number of formal rating relationships in Africa (i.e. double that of all our competitors combined).
- To the best of our knowledge we are the only rating agency to have demonstrated both the capability and the willingness to provide vital “early warnings” to clients (in times of potential counterparty loss) in recent years.
- We provide coverage on certain sectors and countries that are not covered by any other rating agency.
- Our subscription fees are currently the most competitive in the market.
- Most importantly, we pride ourselves on our ratings track record and our service levels.
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