CGIC CREDIT RATING AFFIRMED AS AA+ (OUTLOOK STABLE)
Credit Guarantee | July 17, 2017
It gives us great pleasure to advise that the claims paying ability of Credit Guarantee has been affirmed at AA+ (Outlook Stable) by Global Credit Ratings Company (GCR).
The credit insurance environment in South Africa remains under considerable stress, with persistently tough economic conditions, which we experience through an elevated level of adverse credit events across our portfolio.
CGIC is committed to providing sustainable trade credit insurance and bonding solutions to all our valued policyholders and intermediaries. Thank you for your continued business support through these challenging times.
In accordance with the lockdown announced by the President, Credit Guarantee has implemented a work-from-home arrangement.
As far as possible, we are maintaining our normal levels of service to clients but some disruptions are possible.
Policyholders are requested to contact the business unit staff directly either by email or mobile phone.Should you not be able to contact staff you can email us on #firstname.lastname@example.org