Global Credit Rating Co. (“GCR”) can trace its origins back to 1996 when it was established as the African Arm of the New York Stock Exchange-listed Duff & Phelps Credit Rating Co. Very rapid growth followed and within only a short period the company had established itself as the market leader, employing the largest team of rating analysts in Africa and accounting for over 60% of all ratings accorded on the African continent. GCR’s African regional headquarters are based in Johannesburg, with its main SADC, Central, West and East African regional offices established in Harare, Lusaka, Lagos and Nairobi respectively. A Francophone office is currently in the process of being established in Dakar.