ARTICLES RELATING TO MOODY'S

Economy risks losing coveted credit status

2014-11-12 05:00

South Africa risks losing its investment grade credit status within five years if it fails to recover from an economic slump that prompted a downgrade by Moody's.

Markets expected downgrade - Investec

2014-11-07 19:53

Financial markets have expected Moody's Investors Service downgrade of the South African government's debt rating, says Investec.

Downgrade pours cold water on Nene's first budget

2014-11-07 12:09

The Moody’s downgrade of South Africa’s investment grade credit ratings is no surprise, but the timing certainly is, says an emerging markets economist.

Moody's welcomes Eskom equity injection

2014-10-23 13:51

Government's announcement of the package of solutions to support electricity utility Eskom is positive, says rating agency Moody's.

Moody's: Strikes affected deficit

2014-09-16 07:31

Strikes, sluggish global demand and declining commodity prices have affected South Africa's worsening current account deficit, says rating agency Moody's.

Capitec: the next Abil?

2014-08-24 09:00

Capitec too faces headwinds but it's no disaster in the making, says an asset manager.

Banking downgrade in perspective

2014-08-21 09:01

The macro-economic backdrop was one of the issues at play in Moody's downgrade of South Africa's major banks, says an expert.

Business as usual at Capitec

2014-08-20 14:42

Capitec explains what the Moody's downgrade means in practical terms and what will be done about it in future.

SA's banking sector is healthy - Sarb

2014-08-20 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Capitec recovers after downgrade

2014-08-19 17:01

In what could be seen as a vote of confidence in Capitec Bank, former CEO Riaan Stassen has bought 5 000 shares to the value of R1 025 000.

Moody's downgrades outlook on UK banks

2014-08-05 14:44

Moody's has revised down its outlook on British banks, saying regulations to prevent taxpayers having to stump up funds to rescue failing banks make them more risky.

IMF likely to cut SA growth again

2014-07-10 22:00

A senior IMF official has hinted that the international lender is likely to cut South Africa's economic growth forecast when it releases a global outlook.

Sanral gets ratings upgrade over e-tolls

2014-06-27 15:46

The SA National Roads Agency Limited has welcomed the upgrading of its rating outlook by Moody's owing to increased revenue from e-toll collections.

African Bank confirms 'junk' status

2014-06-04 13:50

African Bank Investments has confirmed that Moody's Investors Service downgraded its credit rating status, leaving its shares hammered yet again.

SA banks face rising bad loans - Moody's

2014-05-14 14:44

South African banks face an increase in bad loans due to rising interest rates and the prevalence of unsecured lending, says ratings agency Moody's.

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
242 comments

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 big five SA banks

2014-11-11 15:00

Moody's has downgraded the long-term deposit and senior debt ratings of the five largest South African banks and also looked at the IDC and Development Bank.

Downgrade an indictment on Nene - DA

2014-11-07 19:12

The DA says Moody's decision to downgrade South Africa's debt rating indicates that Finance Minister Nhlanhla Nene's mini budget did not inspire confidence.

Moody's downgrades SA credit rating

2014-11-06 20:27
80 comments

Moody’s has downgraded South Africa’s investment grade credit ratings, the National Treasury says.

Eskom announcement positive, says Moody's

2014-09-16 18:38

The government's funding package for Eskom is positive but lacks details on how the power utility's financial profile could be improved, says ratings agency Moody's.

Bank downgrades bad news for consumers

2014-08-27 07:00

The downgrade of SA's four biggest banks means consumers will likely pay more when seeking loans and be subject to stringent credit checks, says an expert.

S&P: No plans to downgrade SA banks

2014-08-21 11:58

Rating agency Standard & Poor's says it does not intend to downgrade SA's biggest lenders, easing concerns that Moody's cut could have a knock-on impact.

Banking downgrade piles on economic pain

2014-08-20 17:53

Moody's surprise downgrade of the country's four top banks has sent shares in the lenders lower and piled further pressure on the economy.

SA bank index down after Moody's downgrade

2014-08-20 10:50

Shares of SA banks have fallen after a Moody's ratings downgrade cited a lower likelihood of support from Sarb to protect creditors.

Moody's cuts ratings of four more top banks

2014-08-19 18:27

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.

Capitec slams Moody's downgrade

2014-08-18 07:17

Capitec Bank says the decision by Moody’s to downgrade the bank is a mistake and a kneejerk reaction to the African Bank fiasco.

Russian firms face debt refinancing

2014-07-23 11:45

Russian companies, including oil giant Rosneft, may face challenges refinancing $112bn in debt due to mature over the next four years.

African Bank to ditch Ellerines

2014-07-07 12:27

The share price of African Bank, which has seen its bad loans spiral, has soared more than 15% on news that it is in talks to sell its loss-making Ellerines unit.

Rating downgrades pose serious risk to JSE

2014-06-09 06:00

Rating agencies Finch and Standard & Poor are set to release new credit ratings for SA and a hefty downgrade will pose risks for the bond and stock market.

'Junk' status for African Bank

2014-05-30 11:26

Shares of struggling African Bank have tumbled after Moody's cut its international debt rating to "junk" status on concerns about it spiralling bad loans.

SA's rating remains under pressure - Moody's

2014-05-14 11:03

South Africa's Baa1 credit rating remains under pressure, while its current rating range belies the strain in the economy is under, says a Moody's analyst.

Sanral faces debt danger

2013-12-18 15:33
215 comments

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.

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