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Moody's withdraws GCB Bank's ratings

Moody's Investors Service ("Moody's") has today withdrawn all ratings and assessments of Ghana's GCB Bank PLC. The ratings withdrawn are the bank's global local-currency long- and short-term deposit ratings of Caa3/Not-Prime, its global foreign-currency long- and short-term deposit ratings of Ca/Not...

GCB Bank PLC: GCB Bank’s shareholders approve plan to raise equity, a ...

The new capital will be used to replenish the bank’s capital base which had fallen following the government's voluntary domestic debt exchange programme.

GCB Bank PLC: Update following change of outlook on local-currency dep...

Our credit view of GCB Bank reflects the impact of the sovereign domestic debt exchange programme involving a substantial impact on its solvency and liquidity profile.

Moody's changes outlook on GCB Bank's Caa3 local currency ratings to s...

Moody's Investors Service ("Moody's") has today affirmed GCB Bank PLC's (GCB Bank) global long-term local currency deposit ratings at Caa3 and changed the outlook on the rating to stable from negative. There has been no impact on all other ratings and assessments from today's rating action. Today'...

GCB Bank PLC: Update to credit analysis following downgrade

Our credit view of this issuer reflects the repercussions on its solvency and liquidity profile of a sovereign debt restructuring scenario involving substantial losses by private creditors.

Moody's downgrades GCB Bank's ratings following the downgrade of Ghana...

Moody's Investors Service ("Moody's") has today downgraded GCB Bank PLC's (GCB Bank) global long-term local currency deposit ratings to Caa3 from Caa2, its long-term foreign currency deposit ratings to Ca from Caa2, its long-term Counterparty Risk Ratings (CRRs) to Caa3 from Caa2, its long-term Coun...

GCB Bank PLC: Update to credit analysis

Our credit view of this issuer reflects its high credit exposures to the government link GCB Bank's credit profile to that of the Ghanaian sovereign.

Moody's downgrades GCB Bank's ratings to Caa2 and places on review for...

Moody's Investors Service ("Moody's")  has today downgraded GCB Bank PLC's (GCB Bank) global long-term deposit ratings to Caa2 from Caa1, its long-term Counterparty Risk Ratings (CRRs) to Caa2 from B3, its long-term Counterparty Risk Assessment (CR Assessment) to Caa2(cr) from B3(cr), and its Baseli...

GCB Bank PLC: Update to credit analysis following deposit rating downg...

Our credit view of GCB Bank reflects the fragile operating environment, its close links with the sovereign and elevated asset risks balanced against a solid capital and liquidity position.

Moody's downgrades GCB Bank's deposit ratings to Caa1; outlook stable

Rating Action: Moody's downgrades GCB Bank's deposit ratings to Caa1; outlook stable. Global Credit Research- 08 Feb 2022. Action follows downgrade of Ghana's sovereign rating to Caa1, stable outlook.

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