Ratings agencies not convinced about SA’s economic recovery plan – so expect further downgrades: The recent credit ratings downgrades by Moody’s Investor Services and Fitch Ratings – which gives South Africa its lowest credit rating since 1994 – indicate that ratings agencies are not convinced ... Source: "South Africa" - BingNews … [Read more...] about SA News: Ratings agencies not convinced about SA’s economic recovery plan – so expect further downgrades
downgrades
SA News: S&P downgrades South Africa rating
S&P downgrades South Africa rating: South Africa suffered another blow when a major credit rating agency downgraded the country’s local debt to “junk” and sent its currency sliding again. S&P also trimmed the rating on South Africa’s international debt on Friday by one notch, to BB ... Source: "South Africa" - BingNews S&P Cuts South Africa Debt Rating, Moody's Issues … [Read more...] about SA News: S&P downgrades South Africa rating
Economists warn of further credit downgrades after MTBPS
Economists warn of further credit downgrades after MTBPS: Market analyst Azar Jammine says Gigaba has done little to appease the agencies. ...... Source: WN.com - Southafrica News Sassa says negotiating in good faith with Sapo over grant payments: Sassa has less than five months before the current Cash Paymaster Services (CPS) contract to distribute grants expires. … [Read more...] about Economists warn of further credit downgrades after MTBPS
SA News: SA business sees more downgrades after Zuma missteps
SA business sees more downgrades after Zuma missteps: “We are expecting further ratings-agency downgrades because all the things that they said we shouldn’t do, the president has gone on to do,” Bonang Mohale, chief executive officer of Business Leadership South Africa and a former chairman of Royal ... Source: "South Africa" - BingNews British PR firm appeals against … [Read more...] about SA News: SA business sees more downgrades after Zuma missteps
SA News: S&P downgrades SA to junk
S&P downgrades SA to junk: Standard & Poors is the first ratings agency to downgrade South Africa to sub-investment grade, following President Jacob Zuma’s firing of finance minister Pravin Gordhan, and his cabinet reshuffle. S&P cut the credit rating by one notch to BB+. Source: "South Africa" - BingNews VK Singh to unveil two projects in South Africa on Saturday: … [Read more...] about SA News: S&P downgrades SA to junk
