Tag: S&P Global Ratings
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.
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.
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.
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.
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 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...
12Page 1 of 2