SARB cuts rates by 25bps; investor eyes turn to Budget, Moody’s
The South African Reserve Bank unexpectedly cut its benchmark interest rate to the lowest level in four years after slashing forecasts for inflation and economic growth.
Search Results for: Moody's downgrade
Moody’s next move: What’s next for SA; Shoprite, Dischem, Multichoice, wine markets
Most analysts following South Africa expect it to lose its final investment-grade rating, but they disagree over when that might happen.
Rand starts week on front foot after Moody’s spares junk blushes
South Africa’s rand rose on Monday after the country clung to its last investment-grade credit rating.
SA avoids junk but outlook turns negative; Kevin Lings expects full downgrade next year
Moody’s changed outlook on SA’s ratings to negative from stable and affirmed the Baa3 long-term foreign-currency and local-currency issuer ratings.
Moody’s credit opinion: Debt, SOEs are risks to SA rating
South Africa may struggle to hang on to its sole investment-grade credit rating if economic growth persists at weak levels and if government debt and risk from state-owned companies rises, Moody’s Investors Service said.
Flash Briefing: Shares’ best qtr since 2009; Moody’s SA non event; Zuckerberg wants privacy
Global stock markets ended the first three months of 2019 in great shape with another winning session on Friday taking US shares to their best quarterly result in almost a decade.
Moody’s open to upgrading SA, but ONLY if it conducts reforms
South Africa could see its credit rating upgraded if it successfully implements reforms that would raise economic growth and stabilise the nation’s debt burden.
Going beyond nine lives: SA might just dodge another downgrade
Credit rating agency Moody’s has to be among the most patient of its peers when it comes to its gradings of South Africa.
Moody’s relief: keeps SA credit rating one notch above junk, changes outlook to stable
Moody’s Investors Service confirmed the long-term issuer and senior unsecured ratings of the Government of South Africa at Baa3, as well as the (P)Baa3 senior unsecured shelf and senior unsecured MTN program ratings. The outlook was changed to stable.
🔒 Steinhoff update: Another debt downgrade as creditors edge closer to pulling the plug
The future survival, or otherwise, of Steinhoff will depend on how its big global creditors respond.