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Flash Briefing: Covid-19 vaccine blow for SA; cryptocurrencies climb; big week for rand, will Moody’s downgrade SA?

4th May 20213rd May 2021

The government ordered 31 million of J&J’s single-dose shots and planned to begin issuing them to people over the age of 60 starting May 17.

SA sees Moody’s downgrade as opportunity to ‘do the right thing’ for the economy

30th March 202030th March 2020

South Africa’s National Treasury sees the downgrade of the country’s debt to junk by Moody’s Investors Service as an opportunity to fix the economy.

Moody’s downgrade fears; MTN slashes prices; Ramaphosa, business brainstorm Covid-19; Capitec; SAA; Kerzner

23rd March 202022nd March 2020

South Africa could lose its last investment-grade credit rating this week. Moody’s Investor Service is scheduled to release an assessment of the country on Friday.

Moody’s downgrade could trigger ‘Domino effect’, but unlikely – Azar Jammine

11th August 201711th August 2017

Leading credit ratings agency Moody’s is expected to release an updated review of South Africa’s credit rating today, 11th August.

Zambia: Ignore the Moody’s downgrade – we only recognise other two agencies

28th September 2015

Zambia’s Finance Ministry rejected a credit downgrade by Moody’s Investors Service, saying the move was unsolicited and should be ignored.

Moody’s downgrade Sanral over e-toll failure

20th January 2015

Rating agency Moody’s has changed Sanral’s outlook from stable to negative, due to debt and decreased e-toll revenue.

Prof Joel Stern: Moody’s downgrade wake-up call to all SA banks

20th August 201420th August 2014

New Yorker Joel Stern has been a regular visitor to South Africa for over three decades. He stays in touch through a teaching commitment at UCT and by servicing a number of SA corporate clients. Known globally for his invention of the widely used EVA concept (Economic Value Added), Stern has the gravitas to make … Read more

Reserve Bank disputes Moody’s downgrade of Capitec

18th August 2014

By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has disputed credit rating agency Moody’s downgrade of Capitec Bank, saying it disagreed with the rationale behind the two-notch rating cut for the local lender. Moody’s cut the financial strength rating of the lender to D from D+ on Friday and deposit ratings to Ba2/NP from Baa3/P-, … Read more

SA avoids credit downgrade to junk as Fitch, Moody’s grant respite

19th January 201726th November 2016

SA moved closer to a junk credit rating after Fitch changed the outlook on its assessment to negative and warned continued political instability could result in a downgrade.

Moody’s (2 notches from junk) to visit SA – decide on credit downgrade or not

9th March 20169th March 2016

South Africa’s Rand and bonds retreated early on Wednesday as sentiment was rocked by Moody’s decision to place the country’s credit rating on review for a downgrade.