Moody’s has bought a leading African rating agency: why it’s bad news: EMMANUEL DUNAND/AFP/Getty Images Moody’s Investors Service, one of the three dominant global credit rating agencies, is acquiring a majority shareholding in Global Credit Rating (GCR), a leading credit rating agency in Africa. The move is based on Moody’s anticipation that there will be …
South Africa in the news: Cape Town maintains its Moody’s credit rating – Ian Neilson: City of Cape Town maintains its credit rating. The ratings agency Moody’s has maintained its rating of the City of Cape Town municipality because of the metro’s ‘strong fina …: “South Africa” – BingNews Despite scary slip, Nick Kyrgios completes …
South Africa in the news: De Beers serves to diversify Anglo’s business profile, providing stability – Moody’s: In 2020, the majority of the 25.1-million carats De Beers produced came from mines in Botswana, with mines in Canada (Aaa stable rated), South Africa and Namibia (Ba3 negative rated) contributing …: “South Africa” – BingNews Reece Topley’s …
South Africa in the news: Moody’s raises India’s 2020 GDP growth forecast to -8.9 pc from -9.6 pc earlier: Moody’s on Thursday raised India’s GDP forecast for the calendar year 2020 upwards to -8.9 per cent contraction from -9.6 per cent contraction forecast earlier. Similarly, India’s GDP forecast for the …: “South Africa” – BingNews …
South Africa in the news: India among large emerging market sovereigns to have highest debt burden by 2021: Moody’s: We expect govt debt in the large emerging market sovereigns to rise by almost 10 percentage points of GDP on average by the end of 2021 from 2019 levels, driven primarily by wider primary deficits, …: …
South Africa in the news: South Africa escapes third junk rating, Moody’s upgrades outlook to stable: South Africa escaped a third junk rating as Moody’s Investors Service kept its assessment of the nation’s debt unchanged, citing more transparent and predictable policies under President Cyril Ramaphosa.: “South Africa” – BingNews Keagan Dolly hoping to use Mamelodi …
South Africa in the news: Cape Town’s water crisis is credit-negative, Moody’s says: Moody’s rates the debt Baa3, the lowest investment level and on par with South Africa’s sovereign rating. Cape Town’s policy of maintaining a strong liquidity ratio and conservative debt management, with a debt burden of only 11% of operating revenue …: “South …
South Africa in the news: Ramaphosa’s win a good start to fight junk status: Moody’s: Ratings firm Moody’s, which is the only one of the ‘big three’ ratings agencies to hold South Africa above junk status, says that new ANC president Cyril Ramphosa could turn things around for South Africa. In a brief statement on …
South Africa in the news: ANC concerned at Moody’s SA downgrade: Cape Town – The African National Congress has expressed concern at the decision of ratings agency Moody’s to downgrade South Africa’s foreign and local currency debt from Baa2 to Baa3. Among the reasons cited for the decision was the perceived …: “South Africa” – …
South Africa in the news: South Africa’s rand firms after Fitch, Moody’s affirm ratings: JOHANNESBURG (Reuters) – South Africa’s rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody’s affirmed the country’s investment-grade credit ratings. Africa’s …: “South Africa” – BingNews South …
South Africa in the news: Moody’s assures SA it won’t downgrade (if economic growth holds up): Moody’s assured South Africa on Tuesday that the probability of it downgrading the country’s credit rating is about 33%. However, it warns that a downgrade is very likely should growth fall below the estimated 0.2% for the year. The …