Africa
Education
Joburg
South Africa
Greatest AfricansAfricaEducationJoburgSouth AfricaGreatest AfricansGlobal 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...
·almost 5 years ago
Moody's Investors Service, a global credit rating agency, has revealed why Nigeria's economy is somewhat trapped in a low growth path.The rating agency alarmed that even though there was a 1.1 per cent increase in growth in 2018 that rec...
·almost 5 years ago
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...
·almost 5 years ago
South Africa faces “significant risks” to its fiscal outlook, including weak economic growth and uncertain revenue collection, the National Treasury said in its 2019/20 annual performance report, put before Parliament yesterday. The econ...
·almost 5 years ago
Market analyst Andre Botha said on Wednesday that the scathing statement by ratings agency Moody' Investor Services on Eskom's bailout has caused the rand to weaken even further, trading near R15 to the dollar on Tuesday. The local curre...
·over 4 years ago
The rating agency Fitch recently revised the outlook on South Africa’s long-term foreign-currency issuer default rating down from “stable” to “negative”. A credit rating outlook indicates the potential direction of the country’s rating o...
·over 4 years ago