Sanral faces debt danger

2013-12-18 18:43

The SA National Roads Agency Limited's debt of R41bn could be put in jeopardy by motorists' non-payment for e-tolls, says spokesperson Vusi Mona.

Mini budget unlikely to lead to rating downgrades

2013-10-24 09:34

It appears SA will retain its Moody's rating, says an economist, while Standard and Poor's believes there will be no rush for the agency to review its current stance.

Zuma expects smooth sailing for e-tolls

2013-09-25 22:09

President Jacob Zuma is satisfied with the transport laws and related matters amendment bill and sees no hiccups in its implementation, says presidency spokesperson Mac Maharaj.

Moody's pulls 10 municipalities' ratings

2013-08-21 18:21

Moody’s has withdrawn the long-term national scale issuer ratings of municipalities such as Knysna, Sol Plaatje and Swartland because of a negative outlook.

Moody's maintains rating on NDP progress

2013-07-18 12:59

Moody's has affirmed South Africa's debt ratings, citing among its reasons the adoption of the National Development plan in government budgets.

SA favours growth over investors

2013-03-11 17:07

South Africa is focusing on boosting economic growth and reducing inequality rather than cutting spending to appease investors, says Finance Minister Pravin Gordhan.

Britain clings to austerity

2013-02-24 13:00

British finance minister George Osborne insists that he will not abandon his deficit-cutting drive after Moody's stripped the country of its coveted triple-A debt rating.

Moody's praises Cape Town's finances

2012-12-13 08:04

Rating agency Moody’s has praised the City of Cape Town’s good budgetary results and liquidity position in its annual credit report on the city.

Trouble ahead for SA banks, warns Moody's

2012-12-05 11:55

Moody's has warned that banks are over-exposed to recently downgraded government securities, which make up over 150% of capital at the largest banks.

Nigeria makes credit ratings debut

2012-11-07 17:19

Nigeria, Kenya and Zambia have received their first sovereign ratings from Moody's, handily beating Greece in the creditworthiness stakes.

Moody's downgrades SA's big 5 banks

2012-10-04 07:59

Ratings agency Moody’s has downgraded SA’s five biggest banks' foreign deposit ratings due to the revision of the country's foreign currency deposit ceiling.

Joburg downgraded

2012-10-02 18:14

Credit ratings agency Moody's has downgraded several municipalities, including Johannesburg, following its downgrade of South African sovereign debt.

Moody's downgrade 'premature'

2012-09-28 16:11

Moody's downgrading of SA's credit rating is premature but not unexpected, analysts have said.

Moody's withdraws Drakenstein rating

2012-08-17 18:12

Ratings Agency Moody's has withdrawn Drakenstein Municipality's rating, the second largest economic region of the Western Cape.

Barclays gets Moody's debt downgrade

2012-07-05 09:48

Moody's has downgraded the debt rating outlook of Absa parent, Barclays', citing the resignations of senior executives in the wake of a rate-rigging scandal.

Moody's downgrades YPF

2012-06-13 08:26

Moody's has downgraded its rating for Argentina's oil company YPF another notch, a month after Buenos Aires seized control of the country's largest oil firm.

Moody's threatens 17 banks with downgrade

2012-02-16 10:37

Rating agency Moody's says it may cut the credit ratings of 17 global and 114 European financial institutions with exposure to the eurozone debt crisis.

Moody's cuts Hungary to "junk"

2011-11-25 09:45

Moody's has slashed Hungary's government bond rating to "junk", citing high debt levels, weak growth prospects and uncertainty about its ability to meet fiscal goals.

Sarb to discuss concerns with Moody's

2011-11-15 14:15

Reserve Bank governor Gill Marcus will talk to rating agency Moody’s about the bank's concerns over the country, after SA's rating outlook was lowered.

Credit rating: Eskom, Transnet feel it too

2011-11-13 13:18

Moody's downgrading of South Africa’s sovereign debt outlook has caused a chain reaction rippling through to Eskom and Transnet.

Treasury disagrees with Moody's appraisal

2011-11-09 19:39

The National Treasury says it is disappointed by Moody's downgrade of SA's rating outlook and disagrees with its assessment of political risks in SA.

Treasury downplays Moody's downgrade

2011-11-09 17:03

The Treasury says the rating agency's concerns about political strife in the ANC affecting state spending is overdone and that SA is committed to fiscal sustainability.

Moody’s puts SA rating on negative watch

2011-11-09 12:06

Rating agency Moody's says it is concerned about strife in the ANC and pressure on the government to spend more as it downgraded the outlook on SA's rating.


Sanral faces debt danger

2013-12-18 15:33

The SA National Roads Agency Limited's debt of R41bn could be put in jeopardy by motorists' non-payment for e-tolls, says spokesperson Vusi Mona.

Credit amnesty to hit Moody's securities ratings

2013-10-17 08:59

Cabinet's agreement to implement a credit amnesty will have a negative impact on the ratings of some of South Africa's securities, says ratings agency Moody's.

Downgrade pains us, says Sanral

2013-09-08 14:47

The SA National Roads Agency's credit rating cut did not come as a shock, but it is disappointing and pains the agency, says spokesperson Vusi Mona.

Why Moody's downgraded Eskom

2013-07-31 15:01

Moody’s affirms its rating of Eskom and provides reasons for its decision.

RBS's debt ratings under review

2013-07-05 19:39

Moody's has placed Royal Bank of Scotland's credit ratings on review for downgrade after Britain's finance ministry said it was considering breaking up the bank.

Concern despite ratings negative budget

2013-02-27 21:28

While the Budget Speech does not justify further credit rating cuts, it also will not allay the concerns of ratings agencies sufficiently, an analyst warns.

Moody’s downgrades SA banks

2012-12-05 17:00

Moody's credit rating agency has lowered its outlook for South African banks' to "negative" from "stable".

Moody's strips France of triple-A rating

2012-11-20 11:23

Moody's has downgraded France's sovereign rating, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects".

Ratings agencies reined in

2012-11-04 10:04

Legislators have approved new laws to regulate credit ratings companies, and to ensure that they become more accountable and transparent.

Eskom 'notes' Moody's downgrade

2012-10-04 07:43

Electricity utility Eskom has acknowledged the downgrade in its credit rating by Moody's, and says it reflects the problems facing the company.

Moody's cuts Eskom, Telkom ratings

2012-10-02 07:38

Credit agency Moody's has cut its rating for Eskom, Telkom and 12 municipalities, following a similar downgrade of SA last week.

Treasury unmoved by ratings downgrade

2012-09-27 22:35

The Treasury has taken Moody's credit rating downgrade in its stride, saying all the reasons cited for the move are already being addressed.

Moody's downgrades Nokia credit rating

2012-07-23 15:34

Moody's downgraded the long-term debt of Nokia by two notches, cautioning the company would likely suffer even deeper than expected losses going forward.

Moody's downgrades 15 banking titans

2012-06-22 08:33

The health of 15 of the world's largest financial institutions has been questioned as Moody's downgraded their credit ratings, citing exposure to Europe's woes.

UK 'will stick to debt-cutting plans'

2012-02-14 12:06

UK Finance Minister George Osborne vows Britain won't stray from its debt-cutting measures, after Moody's threatened to downgrade the nation's credit rating.

Markets dip as Moody's spooks Europe

2012-02-14 07:47

Shares and the euro fell after Moody's warned it could downgrade top-rated sovereigns including the UK, reminding investors that Europe is still deeply mired in crisis.

Moody's downgrade wrong - Motlanthe

2011-11-18 18:35

Moody's change to SA's outlook to negative from stable demonstrates the superficial way in which global rating agencies conduct their assessments, says the deputy president.

EU to shake up ratings agencies

2011-11-15 11:43

The European Union continues its regulatory crackdown with a draft law to rein in domination of the Big Three credit rating agencies.

Moody's warns of significant Eskom hikes

2011-11-11 11:51

Rating agency Moody's says it believes power utility Eskom will impose above-inflation tariffs over several years in a bid to recover costs.

Rand, JSE hammered by EU woes, Moody's

2011-11-09 18:46

SA stocks suffered the biggest one-day fall in 5 weeks and the rand dived on growing fears about Italy's economic collapse and after Moody's downgraded SA's outlook.

Moody's warning, risk aversion drag down JSE

2011-11-09 13:33

The JSE was weaker after rating agency Moody's downgraded its outlook for SA and eurozone jitters again heightened risk aversion.

Rand, bonds fall on Moody's downgrade

2011-11-09 11:44

The rand has extended losses against the dollar to nearly 2% and bonds weakened after Moody’s downgraded SA's outlook to negative.

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