Fitch Ratings

South Africa's Shrinking Economy Credit Negative for Govt, Banks - Moody's

Global rating agency Moody's says the contraction of SA's GDP in the first quarter is credit negative for SA's government and the country's banks.Last week Stats SA announced the economy shrank by 3.2% in the first three months of the ye...

Joburg Post·almost 5 years ago

Buhari's Second Term - Fitch Sees Weak Economy Outlook

Global rating company, Fitch Rating, yesterday, affirmed Nigeria's rating at B+, stable outlook, saying that President Buhari's second term will be marked with implementation of piecemeal reforms and slow progress in tackling impediments...

Joburg Post·almost 5 years ago

Why Credit Rating Agencies are Still Getting Away with Bad Behaviour

International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian f...

Joburg Post·almost 5 years ago

South Africa's Unemployment Rate Jumps to 29%, the Worst Since 2008

SA's official unemployment rate jumped to 29% in the second quarter of the year, the highest jobless rate since the start of 2008. The unemployment figures were published by Stats SA on Tuesday morning. The country's unemployment rate wa...

Joburg Post·over 4 years ago

Fitch Ratings Revised Outlook on Debt Adds to Country’s Woes

The myriad problems facing South Africa’s economy compounded on Friday after Fitch Ratings revised the outlook on the country’s sovereign debt downwards from stable to negative, a move that usually precedes a rating downgrade. The rating...

Joburg Post·over 4 years ago

© 2024 Joburg Post