GCR Withdraws Ratings on Letshego Ghana Savings and Loans
GCR Ratings (GCR) has withdrawn the national scale long-term and short-term issuer ratings of BBB-(GH)/A3(GH) assigned to Letshego Ghana Savings and Loans PLC without review.
Concurrently, GCR has withdrawn the ratings on Letshego Ghana Savings and Loans PLC’s Senior Unsecured Notes under the Medium-Term Notes (MTN) programme.
The rating agency said the withdrawal was due to business reasons. Accordingly, GCR no longer supports the above-mentioned credit rating on the entity and any dependent ratings.
A credit rating withdrawal does not imply that the entity is not servicing its debt obligations or that its financial position has deteriorated. #GCR Withdraws Ratings on Letshego Ghana Savings and Loans
