GCR Upgrades ShafDB’s Long and Short-Term Issuer Ratings, Maintains Stable Outlook
Global Credit Ratings (GCR), has affirmed and upgraded Shelter Afrique Development Bank’s (ShafDB) international and several key national scale ratings, reflecting the Bank’s strengthened capital position, risk management improvements, and growing credibility across its shareholder base. In its latest review, the Johannesburg-based rating agency has affirmed the Bank’s international scale long-term and short-term issuer
