Page 57 - GTBANK GAMBIA ANNUAL REPORT 2021
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Rating
Grade Description Characteristics
1 (AAA) Exceptional • Exceptional credit quality
Credit • Obligors with overwhelming capacity to meet obligation
• Top multinationals/corporations
• Good track record
• Strong brand name
• Strong equity and assets
• Strong cash flows
• Full cash coverage
2 (AA) Superior Credit • Very high credit quality
• Exceptionally high cash flow coverage (historical and projected)
• Very strong balance sheets with high liquid assets
• Excellent asset quality
• Access to global capital markets
• Typically large national corporate in stable industries and with significant
market share
3 (A) Minimal Risk • High quality borrowers
• Good asset quality and liquidity position
• Strong debt repayment capacity and coverage
• Very good management
• Though credit fundamentals are strong, it may suffer some temporary
setback if any of them are adversely affected
• Typically in stable industries
4 (BBB) Above Average • Good asset quality and liquidity
• Very good debt capacity but smaller margins of debts service coverage
• Good management in key areas
• Temporary difficulties can be overcome to meet debt obligations
• Good management but depth may be an issue
• Good character of owner
• Typically good companies in cyclical industries
5 (BB) Average • Satisfactory asset quality and liquidity
• Good debt capacity but smaller margins of debt service coverage
• Reasonable management in key areas
• Temporary difficulties can be overcome to meet debt obligations
• Good management but depth may be an issue
• Satisfactory character of owner
• Typically good companies in cyclical industries
6 (B) Acceptable Risk • Limited debt capacity and modest debt service coverage
Annual Report 2021
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