Tag: Moody’s
South Africa junk spiral may deepen as S&P likely to cut outlook
South Africa could move deeper into junk territory as the nation looks set to lose the only stable outlook on its credit ratings this week.
Of the 22 economists in a Bloomberg...
Rand on the front foot in early trade
Since advancing to a more than one-month best at the end of March after Moody’s declined to issue a credit review, the rand has traded in a narrow range as it...
What Moody’s thinks about Eskom, the elections and the economy
Global ratings group Moody’s has published a research report on South Africa, with insight into its decision to let its traditional review date pass without action – leaving the country’s sovereign...
Moody’s leaves South Africa hanging – here’s what to expect next
Ratings agency Moody’s has left the South African public hanging, with the group not publishing any ratings review, research report or note on the country’s credit status.
Moody’s was expected to deliver...
Davies hopes Moody’s will cut SA some slack with credit rating
Government is on tenterhooks as it awaits a decision from ratings agency Moody's on Friday.
Trade and Industry Minister Rob Davies says that he hopes that Moody's will recognise government's efforts to rebuild the economy.
Davies...
Why Moody’s could spare South Africa from junk
Ratings agency Moody’s says that even though South Africa’s budget points to fiscal deterioration, and was seen overall as credit negative, the analysis that goes into a ratings decision is more...
SA funding to suffer from weak rand -Moody’s
South Africa will find it harder to raise funds and service its foreign debt after a worsening of external financing conditions in recent months due to a fall in the rand...
Eskom gets Moody’s thumbs down
Rating agency Moody’s announced on Wednesday, that it had downgraded state power utility Eskom. The outlook is negative – which is suggestive of a possible further downgrade.
“The rating action...
Why Black Friday will be a dark day for South Africa
While South African consumers are expected to make the 24th of November one of the biggest sale days on the calendar, the burst of economic activity will likely be marred by...
Pressure on South Africa’s central bank a key credit risk: Moody’s
Rating agency Moody’s warned on Wednesday that the erosion of South Africa’s institutional framework and recent calls for changes to the central bank’s currency and price stability mandate risked undermining the...
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