ARTICLES RELATING TO CREDIT RATING

'Devastating' Moody's downgrade for Mangaung over poor liquidity, risk of default

2019-08-07 19:09

Moody's announced that the rating of Mangaung Metropolitan Municipality, in the Free State, has been downgraded three notches from Ba3 to B3.

Traders downplaying SA credit risk should heed Turkey

2019-07-05 08:33

The erosion of Turkey’s creditworthiness is a warning signal for South Africa, and investors are ignoring it, according to Informa Financial Markets.

SA must do 'a lot more' work to improve credit ratings - S&P

2019-04-12 08:39

S&P has SA's foreign currency debt ranked at junk status for two years now, mostly because of the poor economic growth, according to an official.

BUSA: Use Moody's delay to get your house in order

2019-03-31 15:51

Business Unity South Africa has described Moody’s decision to delay the assessment of South Africa's credit rating as a “welcome reprieve” and urged the country to use the breather to get its fiscal house in order.

Moody's delay is good news for the rand, say analysts

2019-03-30 09:43

Moody's decision to skip the assessment of South Africa's credit rating is good news for the rand, analysts have said.

Moody's: 5 economists on why load shedding may trip up SA's credit rating

2019-03-29 05:00

Moody's Investors Service, the sole global ratings agency that still has SA's sovereign debt at investment grade, is expected to make an announcement on the country's credit rating on Friday evening.

Ratings, election and Eskom overshadow SA's bond plans

2019-03-13 09:03

South Africa may have to pay a premium if it taps international bond markets before a credit-rating review later this month and elections in May, according to investors who attended meetings with Treasury officials in London.

Eskom split helps transparency, but financial challenges remain - Moody's

2019-02-11 12:21

Ratings agency Moody's says that splitting Eskom into three entities may make the utility's cost structure more transparent, but the split does little to address the debt-laden power utility's financial challenges.

Population growth set to erase SA's per capita GDP gains in 2019 - S&P

2018-11-26 14:40

The ratings agency says in 2019 and 2020, when it expects SA's economic growth rate to pick up to near 2%, per capita GDP increases will largely be cancelled out by population growth.

S&P keeps SA's credit ratings unchanged at non-investment grade

2018-11-23 23:47

S&P affirmed SA's long-term local currency debt at BB+, the first notch of sub-investment grade. It kept the country's long-term foreign currency rating at BB, which is two notches below investment grade.

 

Eskom assistance welcomed, but risks remain, Moody’s warns

2019-07-29 15:11

Moody's has applauded the financial support government committed to extend to Eskom, but said the utility’s operating costs, as well as debt owed to it by municipalities, could not be ignored.

SA finds a credit rating, once lost, is hard to regain

2019-06-18 10:08

Barely three years after SA managed to get its highest-ever investment-grade ratings from two of the three main credit-rating companies, the global financial crisis was threatening to reverse that progress. The country was one of multiple emerging markets in the companies’ cross-hairs.

Eskom, risk of Moody's downgrade are biggest risks facing SA, says Treasury official

2019-04-11 15:13

A Treasury official has warned that foreign investors remain concerned about the risks posed by Eskom.

Don't relax yet, business leaders warn after Moody's breather

2019-03-30 15:45

The decision by Moody's not to update its ratings on SA's sovereign debt is a reminder of government's urgent to do list, the CEO Initiative and the Banking Association of SA have said.

Moody's again skips rating review of SA's sovereign debt

2019-03-30 01:00

This means the country's sovereign credit rating remains unchanged at Baa3, the last rung of investment grade, with a stable outlook.

Davies: I hope Moody's will cut us some slack

2019-03-27 06:02

Trade and Industry Minister Rob Davies says he hopes Moody's will consider recent improvements when it makes its decision on the country's credit rating.

S&P revises outlook for Eskom from negative to stable

2019-03-01 17:06

Ratings agency S&P has kept Eskom at junk status, but has revised its outlook from negative to stable.

Mboweni prioritises getting SA out of junk status

2018-12-02 15:15

The government is prioritising regaining SA's investment grade rating, according to Finance Minister Tito Mboweni.

Land expropriation policy will not 'significantly hamper investment levels in SA' - S&P

2018-11-25 13:31

The ratings agency says that expropriation of land without compensation is not expected to significantly hamper investment levels flowing into South Africa, as the rule of law and enforcement of contracts is expected to remain in place.

Moody's: Weak state entities a risk to SA's credit rating

2018-10-16 16:19

Moody's has noted weak state-owned enterprises, structural economic bottlenecks and policy uncertainty among SA's credit challenges.

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