Moodys
Moody's sees S.Africa GDP shrinking 6.5%
Moody's cut its GDP forecast from a 2.5% contraction it predicted last Tuesday, saying in a research report on Friday economic growth will recover by 4.5% in...
On Thursday Fitch downgraded the country's credit rating to BB with a negative outlook, while Moody's dropped it to junk status last week.
Moody’s downgraded South Africa to junk status on Friday night, citing a deterioration in fiscal strength and structurally very weak growth.
Moody's downgraded South Africa's sovereign credit rating to junk status, joining the other two major agencies.
The agency has downgraded the country one notch to BA-1 from BAA3 and maintained a negative outlook.
The country continues to be hit by load shedding with businesses complaining about lost productivity.
The cash-strapped utility’s unsecured debt was downgraded from B3 to B2.
On Friday, Moody’s kept South Africa’s sovereign debt at BAA3 but revised the outlook to 'negative', citing a deterioration in the economic growth outlook and rising debt.
Moody’s kept South Africa’s sovereign debt at BAA3, the lowest investment grade, but revised its outlook to negative, citing a deterioration in the economic growth outlook and rising debt.
Moody’s has decided to keep the country one notch above sub-investment grade, changing its outlook on the country’s credit rating from stable to negative.
Moody’s changed its outlook on the country's credit rating from stable to negative.
The rating agency has changed its outlook on the country’s credit rating from the stable to negative but has affirmed the BAA3 long-term foreign and local currency rating.
Moody’s is the last of the three big ratings agencies to keep the country in positive territory.
Moody’s said the outlook revision on its ‘Baa3’ rating, the lowest rung of investment grade, was motivated by a deterioration in the economic growth outlook and rising debt.
Moody's is the last of the three big ratings agencies to keep the country in positive territory.
At 1505 GMT the rand was 0.34% firmer at 15.2275 per dollar, bringing gains to 1.2% since Wednesday when the currency tumbled to just shy of an 11-month low.
The city was downgraded three notches, leaving it on a B3 rating.
The agency has given its view on the country’s power producer and the role it plays in economic growth.
At 1600 GMT, the rand was 1.24% weaker at 14.2650 per dollar, bringing its weekly losses to more than 3%.