ARTICLES RELATING TO DOWNGRADE

Gupta mines undersupply coal as Eskom puts brave face on downgrade

2018-03-30 14:42

Eskom says it’s running low on coal at six stations as mines owned by the Gupta family failed to meet their contractual supply obligations.

Deputy finance minister Gungubele confident SA will avoid downgrade

2018-03-22 13:49

The deputy finance minister has hinted he is confident the country will avoid a credit downgrade by Moody’s when it announces its country review on Friday.

Rand firm as market focus turns to Moody's ratings decision

2018-03-14 12:22

The rand firmed against the dollar in early trade, as the SA market started to shift its focus to whether Moody's would downgrade SA's sovereign credit rating to junk later in the month.

Eskom signs R20bn credit facility amid 'unfortunate' downgrade

2018-02-28 15:58

Eskom, which has secured an extra R20bn in short-term credit, says the latest downgrade of its long-term debt by S&P comes as it is 'starting to see slight improvements in market sentiments'.

Stock picks

2017-12-18 12:09

Despite expectations of low growth and further credit rating downgrades, the JSE may offer some great investment opportunities on an individual stock level in 2018.

WATCH: SA downgrade - it could have been worse

2017-11-30 14:16

Raenette Taljaard, the Executive Director of Economic Research Southern, talks to Fin24 about the implications of S&P Global's downgrade of SA debt.

Moody's downgrades embattled Eskom

2017-11-29 13:09

Moody’s has downgraded Eskom, citing the state utility's liquidity woes and poor governance as the main reasons for the decision.

Mixed outlook for real estate in wake of S&P downgrade

2017-11-27 15:34

From a real estate point of view, the downgrade by S&P will likely cause a drop in housing demand within the next few months, says the CEO of a bond originator.

DA says downgrade shows lack of confidence in Presidential Fiscal Committee

2017-11-25 15:19

Friday's late night ratings downgrade of SA's long-term local currency debt by S&P Global Ratings amounts to a "vote of no confidence" in the new Presidential Fiscal Committee, says the party's finance spokesperson.

FULL STATEMENT: Moody's places SA's Baa3 ratings on review for downgrade

2017-11-25 00:02

Moody's Investors Service has placed the Baa3 long-term issuer and senior unsecured bond ratings of the government of South Africa on review for downgrade.

 

D-Day for SA sovereign credit rating

2018-03-23 05:45

Global ratings agency Moody's is likely to make its long-awaited announcement on whether it will downgrade SA's credit rating on junk status on Friday.

Rand steady on Zuma prosecution announcement

2018-03-16 15:49

The rand was unchanged after National Prosecuting Authority boss Shaun Abrahams announced that President Jacob Zuma would be prosecuted.

Eskom to pay back R5bn PIC loan, as union vows 'never again'

2018-03-01 05:30

Eskom has confirmed that the R5bn short-term loan it received from the Public Investment Corporation will be paid back on Thursday.

Eskom gets another S&P downgrade following 2018 Budget

2018-02-28 09:59

S&P Global Ratings has downgraded the long-term debt of Eskom to the seventh rung of non-investment grade, with a negative outlook.

SA insurers downgraded, as knock-on effect of sovereign downgrade continues

2017-11-30 18:53

S&P has announced that its downgrade of SA's sovereign debt to junk has 'directly weakened' the credit quality of the investments of SA insurers who hold most of their assets in the country.

Eskom reacts to double ratings downgrade

2017-11-29 21:00

Eskom says it is “positive” that its funding plan will succeed, despite being downgraded by both S&P Global and Moody’s this week.

WATCH: How downgrades affect everyday South Africans

2017-11-28 16:44

Fin24 presenter Moeshfieka Botha talks to Abdulazeez Davids of Kagiso Asset Management about how ratings downgrades affect ordinary South Africans.

We need to change economic outlook fast - Nedbank

2017-11-25 16:06

Banking group Nedbank says that SA has a "very short window to change the outlook for the economy" following Friday's late night downgrade of SA's long-term local currency debt to junk by S&P Global Ratings.

Downgrade a 'significant blow' - CEO Initiative

2017-11-25 07:30

S&P Global's late night downgrade of SA's long-term local currency debt will put even more strain on the already low levels of business and consumer confidence in SA, says the CEO Initiative.

Gigaba's maiden budget can spark another downgrade, economist warns

2017-10-25 10:39

Finance Minister Malusi Gigaba’s mini budget definitely has the potential to lead to a ratings downgrade, Abdul Azeez Davids from Kagiso Asset Management has told Fin24.

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