GCR Ratings assigns Letshego Holdings, Micro Financial Services stable 29 GCR Ratings assigns Letshego Holdings, Micro Financial Services stable GCR Ratings has assigned Letshego Micro Financial Services (Namibia) and Letshego Holdings Namibia Limited with national scale long-term and short-term issuer ratings of A(NA) and A1(NA) respectively, with a stable outlook. Letshego Group CEO, Andrew Okai. In a recent statement, the Johannesburg based rating firm said the ratings on Letshego Micro Financial Services (Namibia) (LMFSN) reflect the credit profile of Letshego Holdings Namibia Limited (LHN). “GCR believes the company is a core part of the Letshego Namibia group. On 30 October 2020, LMSF’s contribution to group net profit before tax (59.2 percent) and assets (53.5 percent) was significant. As such, the ratings of LMSFN are equalised to the group anchor credit evaluation group credit profile. However, if the level of importance reduces, the ratings on LMFSN may be delinked from the group ACE,” the report said.