Credit ratings agencies
S&P Global, Fitch affirm SA’s ratings – govt acknowledges pressures
S&P said it affirmed South Africa's long-term foreign and local currency debt ratings at 'BB minus' and 'BB', respectively.
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COVID-19 wrecks plans to reboot ailing SA economy
Development economist at the University of Stellenbosch Business School, Dr Nthabiseng Moleko, described the economy as reaching desperate times in 2020.
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Mboweni: Ratings agencies not impressed with MTBPS
The Finance Minister said that his mid-term budget review – which painted a bleak picture of the country’s finances – had not gone down well with international ratings agency Fitch.
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Economists monitoring Moody's in wake of Fitch ratings decision
On Friday, Fitch announced that it was changing its outlook for South Africa from stable to negative and also kept South Africa's long-term foreign and local currency debt on BB plus.
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Rating agencies knew of stress at India's IL&FS, but gave good ratings - audit
Audit firm Grant Thornton was appointed by IL&FS’ new board to conduct the review following the government’s decision to take charge of the group after its defaults on debt obligations sparked fears of financial contagion.
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Dark times: Economist explains why load shedding has come at a bad time for SA
The effects of load shedding are being felt by South Africans from all walks of life. Lullu Krugel, a senior economist for PriceWaterCoopers, breaks down the long-term effects of power cuts.
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Concerns around rating agency reactions to Mboweni's Eskom plan in budget speech
Finance Minister Tito Mboweni will deliver his budget speech this week which will likely give clarity around his rescue plan for Eskom and the possible absorption of some of its debt by government.
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Treasury to implement measures to regain SA's investment status
Ratings agency Fitch has affirmed South Africa's long-term foreign and local currency debt ratings at BB+ with a stable outlook. The ratings, therefore, remain below investment grade.
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How ratings agencies work and why they are feared
The world's top three rating agencies are American: Moody's, Fitch Ratings and S&P Global, formerly known as Standard & Poor's.
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Moody's says weaker SA fiscal outlook a credit negative
The rand turned weaker after Moody's report was released. It fell 0.22% against the dollar, more than erasing a 0.41% gain earlier in the session.
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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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Govt expects SA credit rating to return to investment grade in 24 months
Gigaba has told Reuters that government told ratings agencies that it will to step up efforts to dispose of assets in some state-owned entities to raise money for recapitalisation.
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Gigaba's Budget must inspire investor confidence, avoid downgrade - economist
Treasury is expected to spell out tough decisions to plug a revenue gap and narrow the country's budget deficit.
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Reserve Bank likely to leave rates on hold for now - economists
Members of the Reserve Bank’s Monetary Policy Committee would have over the past two days weighed up a number of factors when deciding on the next interest rate decision.
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ANC stalwarts call for Zuma's exit in new year's message
The stalwarts congratulated Cyril Ramaphosa on his election as president of the ANC, saying he would not have an easy road, given the challenges the ANC faces.
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[LISTEN] The effect of emigration on property value in SA
The cost of large houses is also resulting in more people selling their houses to downgrade to smaller properties.
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Rand weaker as downgrade fears dim demand
The rand dived to a 12-month low on Friday on reports President Jacob Zuma government was considering a range of budget cuts to pay for free tertiary education.
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SA's budget woes raise stakes for rating reviews
The downgrade concerns have been re-ignited after South Africa’s budget on Wednesday saw the Treasury hike its fiscal deficit forecast for this year to 4.3% of gross domestic product.
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Moody’s set to release review of SA debt
In June, Moody's cut its rating to one notch above junk status with a negative outlook.
