This archive report was first published on 9 January 2020.
On January 9, 2020, GCR Ratings announced the withdrawal of its issuer ratings for Cytonn Investment Management PLC, citing analytical reasons.
The ratings were last reviewed in November 2018, but GCR did not review the 2018 long and short-term ratings due to insufficient information.
According to GCR, the long and short-term national scale issuer ratings of B(KE)/B(KE) respectively could not be reviewed before withdrawal, and were last updated in November 2018.
It's worth noting that GCR had previously rated Cytonn's commercial paper at B in 2017, but the company did not rate Cytonn's commercial paper for 2018, as it was withdrawn in November 2018.
