SA heading for junk downgrade, rating forecaster says

2019-10-08 19:21

Renaissance Capital, which has correctly predicted eight sovereign rating decisions since May, is calling a downgrade to junk for SA next month.

Moody’s has gone from being cross with SA to giving us the silent treatment – and that is scarier by far

2019-04-01 08:45

It's not the parent who is threatening and cajoling a difficult kid that the kid should fear, it is the one who goes quiet. And that's what Moody's is doing to South Africa right now.

Shock turns to hope as traders bet SA can dodge downgrade

2019-02-20 16:50

Just minutes into his maiden budget speech and Finance Minister Tito Mboweni looked to have sparked a market rout.

Moody's: SA's future looks brighter - if it can keep the lights on

2019-01-14 17:38

SA and Nigeria, as sub-Saharan Africa's largest economies, are expected to recover slowly this year - but unstable power supply and ongoing labour struggles are among SA's biggest challenges, says a new report from ratings agency Moody's.

Fitch confirms ratings of SA's major banks at notch below investment grade

2018-11-16 13:25

Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.

October is high-risk month for rand's recovery

2018-10-01 07:30

Emerging markets are rebounding from the second-quarter horror show, but for South Africa’s rand October still holds large risks.

S&P ratings call shows investor sentiment changing - CEO

2018-05-28 13:03

Ratings agency Standard & Poor’s decision to keep the outlook of SA’s sovereign debt rating at stable is a positive development and will help rebuild confidence in the country, said Nedbank CEO Mike Brown.

Stable outlook for SA banks, for the first time since 2013 - S&P

2018-02-02 21:00

South Africa’s banking sector is stable even though the economy is struggling with low economic growth, says S&P.

Embattled Eskom suffers another downgrade

2018-01-26 20:00

Moody's Investors Service has downgraded the long-term corporate family rating of Eskom.

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.


SA is near junk status from all 3 rating agencies. What could follow?

2019-08-23 18:00

A lack of significant reforms led to the country being downgraded to junk status by both Standard & Poor’s and Fitch in April 2017. Only Moody’s has kept South Africa one notch above junk status. But for how long? asks Misheck Mutize.

SA is already looking like junk in the CDS market

2019-02-25 13:34

The consensus among economists is that South Africa will hold onto its investment grade status for the time being. Derivatives traders are not so sure.

Moody’s: Rising government debt hampers banking sector

2019-01-17 21:42

Rising public debt levels affect a country’s banking sector, with banks preferring to lend to government, which is seen as lower risk, according to Moody's senior vice president.

South Africa does not seek IMF support – Lagarde

2018-12-19 20:30

Ramaphosa’s anti-corruption drive gets a thumbs-up from IMF managing director Christine Lagarde.

Ratings D-day: SA likely to be spared a downgrade, say analysts

2018-10-12 07:57

Moody's will likely spare SA a downgrade of its sovereign credit rating despite (another) sudden rotation in the finance ministry, but may also decide to hold off on a decision, say analysts.

Eskom's return to international markets may come at a premium

2018-07-27 19:08

It won’t be a cheap welcome back into international debt markets for Eskom, says a prominent SA asset manager.

Eskom dodges Fitch ratings cut but stays on negative watch

2018-05-02 20:50

Global ratings agency Fitch has affirmed Eskom's 'BB-' credit rating despite its liquidity challenges, as South Africans wait to hear if load shedding will become a reality this winter.

Viceroy report won't impact Capitec's rating - S&P

2018-02-01 12:11

S&P Global Ratings says that neither the Viceroy report nor the market’s reaction to it will impact its rating of Capitec.

Fitch: SA confidence rebound harder with Dlamini-Zuma

2017-12-10 15:17

South Africa’s weak business confidence is less likely to rebound if former African Union Commission chair Nkosazana Dlamini-Zuma is elected as leader of the ruling ANC, Fitch Ratings says.

Moody's keeps SA at investment grade - for now

2017-11-25 00:05

Global ratings agency Moody's placed South Africa's government debt on review for downgrade, but unlike S&P Global did not downgrade the debt to junk status.

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