Credit Downgrade

  • The Looming Credit Downgrade - Two to buy and none to sell
  • Moody's and S&P ratings agencies will be announcing if they drop SA's credit ratings one more notch after the market closes on Friday. Although Moody's signaled, it wouldn't be making any serious decisions before the 2018 budget, we had Minister Gigaba's mini-budget confirmed that South Africa's in crisis. A strong focus is one of the core Pillar's Moody's considers when making a decision.... ››› more
  • [22 November 2017]
  • The rand feels the backlash of Eskom's credit downgrade
  • After gaining after the release of the US Federal Reserve's policy statement on Wednesday evening, the rand came under renewed pressure last night. The latest source of worry for the local currency was news that ratings agency Standard & Poor's downgraded Eskom's credit rating status. This caused the rand to dip sharply. Let's take a closer look at what's going on… The rand tumble... ››› more
  • [20 March 2015]
  • The rand slides through 11.30/$ after Moody's downgrade
  • Late yesterday, ratings agency Moody's cut South Africa's credit rating amidst worries over economic growth. The news sent the rand substantially weaker. Let's take a closer look at what's going on… The rand fell to levels not seen in a month The rand weakened to its worst “level in over four-weeks against the US dollar,” reports Fin24. This comes after Moody’s downgraded SA... ››› more
  • [07 November 2014]

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