BRICS wants to set up an alternative rating agency. Why it may not work: Leaders of the BRICS bloc of states in Goa, India where they hatched the plan to launch a new credit rating agency REUTERS/Danish Siddiqui The idea of establishing an alternative credit rating agency led by the BRICS bloc of countries is …
South Africa is skating on thin ice as rating agencies weigh their options: South Africa's Finance Minister Pravin Gordhan is fighting to stave off a downgrade by ratings agencies. Siphiwe Sibeko/Reuters Rating agencies are shortly expected to announce their decision on whether to retain South Africa’s sovereign credit rating, or to downgrade it. The current …
South Africa in the news: How rating agencies make decisions about South Africa: Leon Myburgh, head of the financial markets department at the South African Reserve Bank, says that while the recent opinions from rating agencies were ‘somewhat’ positive, the country is not yet out of the woods. Speaking at the Council of … “South …
South African Rating Outlook Cut to Negative by Moody's – Yahoo News snippet curated by www.Free-Mail.co.za as being relevant to ‘South Africa’. South Africa's credit-rating outlook was cut to negative by Moody's Investors Service, which said the country faces a “prolonged” period of slow growth and increasing political pressures. Moody's lowered the outlook from stable …