Tag: credit downgrade
What are the chances of a downgrade for South Africa’s credit rating? Here’s what Moody’s has to say…
Moody’s has previously said the slide into recession for the country would exacerbate fiscal and monetary challenges.
The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. South Africa’s consumer price...
South Africa avoids being downgraded to junk by Moody's
What path is South Africa on? The market (and to a lesser degree ratings agencies) are still making up their minds. We think one thing is certain – this is not a ‘normal’ sentiment shock, nor a brief negative to be reversed shortly after like Nene-gate.
South Africa's ruling African National Congress backed President Jacob Zuma after two key allies of the party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings.