Parental Guarantee
GIC Re South Africa Ltd has an unconditional and irrevocable parental guarantee from its parent, GIC Re India.
S & P Report – Abstract
On 20th November 2025, S&P Global Ratings upgraded the financial strength and issuer credit rating of GIC Re South Africa Ltd. from ‘BB+’ to ‘BBB-’ with a “Stable” outlook. At the same time, S&P affirmed our South Africa national scale rating as ‘zaAAA’.
S&P Latest Rating Statement November 2025