Tag: credit ratings
South Africa’s state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody’s said on Tuesday in a report which sent the rand lower.
Ratings agency Fitch on Friday affirmed South Africa’s credit rating at ‘BB+’, in sub-investment grade, but downgraded the outlook from stable to negative.
International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises.
South Africa’s credit rating is well placed at the lowest investment grade, but rising foreign ownership of the government’s local-currency bonds is a risk, a senior analyst at Moody’s ratings agency said. Two...
South African bonds priced in a higher likelihood of a 50 basis point rate cut by the central bank sooner than anticipated.
Business confidence in South Africa fell to a seven-month low in May.
Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab.
S&P Global Ratings downgraded South Africa's local debt by one notch to BBB on Dec. 2 but kept its sovereign credit rating unchanged at BBB-