Listed, Trustco Group Holdings has announced that ratings agency, Global Credit Rating Company (GCR) has placed the company’s rating on review extension as the ratings process is ongoing.
“GCR has on 18 October 2021 announced that it has placed Trustco’s rating on review extension as the ratings process is ongoing and GCR expects to publicly release a ratings update by the end of November 2021. The ratings accorded in the last review are still in effect and remain unchanged until the ratings review process is completed,” the company said.
In its November 2020 rating, GCR published the Trustco’s long-term credit rating of CCC – (NA) and its short-term rating of C (NA) with the outlook as evolving.
Trustco is a financial services group invested in insurance, resources as well as banking and finance.
