SA was dealt another blow late on Friday when Fitch Ratings downgraded the country further into junk, just a week after Moody’s Investors Service stripped the country of its last remaining investment grade. The rand extended its losses…
Moody’s Investors Service on Friday night downgraded SA to junk status. The move was expected in the face of SA’s poor GDP growth performance and fragile fiscal position, even before the onset of the pandemic. Moody’s dropped SA’s rating…
Moody’s decision to reduce the outlook for its credit rating of the SA government from ‘stable’ to ‘negative’ means the country must now get its economic house in order to avoid universal junk status later. That’s the reaction of North…
SA‚ along with the Czech Republic and Saudi Arabia‚ did not receive updated sovereign credit ratings from Moody’s on Friday. The ratings agency issued a media statement at about 11.30pm on Friday night saying its ratings for these three…
