Moody’s rating agency has warned that the country’s credit rating is at risk as the 220 000-strong Numsa strike enters its fifth day.
Just hours after Fitch changed its outlook on SA’s credit rating to negative, Standard and Poor announced its downgrading by one notch.
Ratings agency Fitch has downgraded its South African outlook to negative, and analysts expect Standard & Poor’s to downgrade too.
Ratings agency Moody’s left South Africa’s credit rating unchanged due to fiscal discipline, moves to reduce labour unrest and plans to boost growth
The outlook for South Africa’s credit rating remains negative, with concerns over the government’s ability to curb spending and mining strikes.
Ratings agency Standard & Poor’s has affirmed South Africa’s sovereign credit rating at BBB with a negative outlook.
Government attempts to satisfy international credit rating agencies.
Three up-and-coming African nations, Nigeria, Zambia and Kenya have each received their first sovereign credit rating by Moody’s investor service.
A credit and over-indebtedness summit has heard that South African consumers are borrowing to meet their basic needs such as food and transport.
Labour unrest in the mining sector has hit where it hurts. So what does South Africa’s first credit downgrade in nearly two decades mean?
An amnesty for blacklisted consumers might be on the cards early next year but if implemented poorly, it could be bad for borrowers and lenders alike.
The controversial e-tolling of Gauteng’s major highways could very well tip South Africa’s credit rating over the edge, ratings agency Moody’s says.
Credit rating companies have revealed that relative debt levels have soared to historic heights and the outlook for SA’s local government is gloomy.
The latest open budget index will likely give South Africa a high ranking and this will improve its credit rating and service delivery. Or will it?
Credit rating agency Standard & Poor’s on Friday downgraded the US credit rating for the first time since 1917.