Ratings Downgrade

/Ratings Downgrade

SA’s Economic Growth Prospects Improving

By |2018-01-03T15:14:38+02:00May 10th, 2016|Credit Ratings Agencies, Economic growth, Ratings Downgrade|

This week, at the World Economic Forum (WEF) on Africa 2016 held in in Rwanda, the government has the opportunity to restore confidence in South Africa’s economy. Our country’s economic growth prospects have improved since dodging a possible ratings downgrade to junk status. Moody’s Confirms Rating On Friday, the country’s spirits were lifted after international [...]

We Can All Help Prevent SA Ratings Downgrade

By |2018-01-03T15:14:40+02:00June 29th, 2015|Credit Ratings Agencies, Debt, Ratings Downgrade, SA consumers|

Threat of SA Ratings Downgrade  South Africa is facing the threat of a credit ratings downgrade, in which case banks will be confronted with higher levels of bad debt, while consumers will be subjected to a rise in costs, according to the head of First National Bank (FNB), Jacques Celliers. Standard & Poor's (S&P), Moody's, [...]