{"id":15651,"date":"2012-10-17T18:04:11","date_gmt":"2012-10-17T16:04:11","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/text-sp-revises-south-african-santam-to-neg-a-rtgs-afmd\/"},"modified":"2012-10-17T18:04:11","modified_gmt":"2012-10-17T16:04:11","slug":"text-sp-revises-south-african-santam-to-neg-a-rtgs-afmd","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/text-sp-revises-south-african-santam-to-neg-a-rtgs-afmd\/","title":{"rendered":"TEXT-S&P revises South African Santam to neg; ‘A-‘rtgs afmd"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(The following statement was released by the rating agency)<\/span><\/p>\n

<\/span><\/p>\n

Oct 17 –<\/p>\n

<\/span><\/p>\n

Overview<\/p>\n

<\/span><\/p>\n

— On Oct. 12, 2012, we lowered the Republic of South Africa’s long-term
\nlocal and foreign currency sovereign credit ratings to ‘A-‘ and ‘BBB’,
\nrespectively.<\/p>\n

<\/span><\/p>\n

— Under our criteria, we generally cap the ratings on insurers with a
\nmaterial direct exposure to a sovereign at the level of the sovereign local
\ncurrency rating.<\/p>\n

<\/span><\/p>\n

— We are therefore revising the outlook on Santam Ltd. to negative from
\nstable, reflecting that on the sovereign.<\/p>\n

<\/span><\/p>\n

— At the same time, we are affirming the ‘A-‘ ratings and raising the
\nnational scale rating to ‘zaAA+’ from ‘zaAA’ following publication of revised
\nmapping guidelines for the South African national credit rating scale.<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

Rating Action
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(The following statement was released by the rating agency) Oct 17 – Overview — On Oct. 12, 2012, we lowered the Republic of South Africa’s long-term local and foreign currency sovereign credit ratings to ‘A-‘ and ‘BBB’, respectively. — Under our criteria, we generally cap the ratings on insurers with a material direct exposure to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15651"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}