Tag: S&P Global Ratings

S&P downgrades Ghana’s foreign & local currency to B-

Mozambique’s headline inflation remained unchanged at 2.8 per cent year on year in August and S&P Global Ratings downgraded Ghana’s long-term foreign and local currency sovereign ratings from B to B- as the COVID-19 pandemic will exacerbate the country’s fiscal challenges, with government debt increasing to over 70 per cent of GDP in 2020. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.

COVID-19: Tracking market movements across the African continent

S&P Global Ratings has affirmed Uganda’s foreign and local currency long- and short-term sovereign ratings with stable outlook. And the week ahead if filled with inflation data from Nigeria, Botswana and GDP numbers from Ghana. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.

Why S&P downgraded SA ahead of schedule

S&P Global’s decision to downgrade South Africa further into junk status, following concerns of what Covid-19 would do it the country’s growth and debt profile as been met with disappointment from government. National Treasury said it not happy that the downgrade has come when South Africa is facing one of its most challenging times. Ravi Bhatia, Director Sovereign & IPF Ratings at S&P Global Ratings joins CNBC Africa for more.

S&P reacts to Tito Mboweni’s appointment as finmin

Ravi Bhatia, Director of Sovereign & International Public Finance Rating, S&P Global Ratings spoke to CNBC Africa about Tito Mboweni's appointment as finance minister.

S&P raises growth outlook for South Africa

New leadership and ensuing policy announcements have boosted local and foreign investor confidence in South Africa, but structural challenges remain, warns S&P.

What S&P is eyeing in SA’s #Budget2018

S&P Global warns that South Africa’s rating future lies in the hands of its policymakers

Investors undeterred by South Africa’s tumble to junk “buying the dips”

South Africa has plunged deeper into “junk” ratings territory and its fiscal situation is worsening but some investors are undeterred, choosing to buy its bonds cheap and pocket one of highest yield...

South Africa’s Zuma calls for action after S&P downgrade, rand up on Moody’s reprieve

South African President Jacob Zuma called for concrete measures to boost growth after S&P Global Ratings downgraded the local currency debt to sub-investment grade, while foreign currency debt was pushed deeper into...