Credit ratings
Mboweni: Fitch & Moody's credit rating downgrades painful
Reacting to the news, Finance Minister Tito Mboweni said that there was an urgent need for government and its social partners to implement structural reforms to...
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Moody's & Fitch downgrades push SA further into junk status
Moody's has downgraded the country's credit rating one notch to BA2 and maintained a negative outlook, while Fitch has downgraded South Africa's credit rating from BB to BB- and with a negative outlook.
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Fitch sees South African economy contracting 5.5% this year
The ratings agency downgraded South Africa’s credit rating further into “junk” territory in April, citing the lack of a clear path towards government debt stabilisation and the expected impact of the COVID-19 shock on public finances and growth.
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S&P downgrades SA debt to 'BB-' amid virus impact
S&P projects the South African economy will shrink by 4.5% this year compared with the November 2019 estimate of growth of 1.6%.
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Eskom aware load shedding may lead to credit rating downgrade for SA
The power utility said that it understood the impact load shedding had and was working tirelessly to solve its problems.
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Traders, investors nervously await Moody’s rating on SA
Moody's is the last of the three big ratings agencies to keep the country in positive territory.
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SA's investment-grade rating depends on pace of reforms - Moody's
The agency is the last of the top three ratings firms to still rank Pretoria debt at investment grade, Baa3 with a stable outlook.
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S&P rating decision welcomed by pundits
Late on Friday night, the agency kept the country's sovereign credit ratings unchanged at below investment grade.
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Elections key to reviving SA economy, say economists
Whichever political party wins the elections, it would need to act quickly to address persistently low growth rates, high unemployment, and an ever-widening public debt.
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Economy will test SA's next president
After 8 May, the president - likely to be incumbent Cyril Ramaphosa as ANC leader - will have a tough task creating jobs, attracting foreign money and tackling corruption.
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Moody’s: Strength of SA's finance sector balances well against weak growth
Moody's said that the country is still facing a few major problems, including persistently low growth and high unemployment.
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Moody’s SA rating delay welcomed amid fears of weaker rand
Economist Goolam Ballim said that the upcoming elections will be defining for South Africa's investment market depending on the outcome.
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South Africa sweats ahead of Moody's credit rating decision
Moody’s Investors Service is on Friday evening expected to make an announcement on South Africa’s credit rating.
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Davies hopes Moody's will cut SA some slack with credit rating
Trade and Industry Minister Rob Davies says that he hopes that Moody's will recognise government's efforts to rebuild the economy.
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What role did credit ratings play in the 2008 crisis?
A common narrative for the start of the financial crisis suggests that credit agencies downplayed the riskiness of RMBS, drawing in lenders who did not appreciate their intrinsic risk.
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Treasury says escaping 'junk' a top priority after S&P affirms rating
The South African government is determined to achieve improved credit ratings, the Treasury said on Friday after S&P Global Ratings affirmed the sovereign’s debt at sub-investment grade ‘BB’/‘BB+’.
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#RandReport: Rand dips ahead of S&P rating review
Africa’s most industrialised economy has barely grown in the past decade, with fiscal missteps and government corruption contributing to weak business and consumer confidence.
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S&P: South Africa needs stronger growth to escape "junk"
S&P Global Ratings’ sovereign analyst Gardner Rusike said the future rating path would be influenced by whether new President Cyril Ramaphosa follows through on promises to reform the economy.
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Roadblocks ahead for President Ramaphosa after Moody's win
Moody’s said its decision to keep South Africa’s rating at investment grade reflected its view the country’s institutions would regain strength under more transparent and predictable policies - though the new government had to stay on track.
