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    GCR Withdraws Ratings on Letshego Ghana Savings and Loans

    Julius AlagbeBy No Comments1 Min Read
    GCR Withdraws Ratings on Letshego Ghana Savings and Loans

    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    GCR Ratings (GCR) has withdrawn the national scale long-term and short-term issuer ratings of BBB-(GH)/A3(GH) assigned to Letshego Ghana Savings and Loans PLC without review.

    Concurrently, GCR has withdrawn the ratings on Letshego Ghana Savings and Loans PLC’s Senior Unsecured Notes under the Medium-Term Notes (MTN) programme.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

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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