Moody's to announce SA's credit rating - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Moody's Investor Services has the country's credit rating at B-double-three with a stable outlook, which is investment grade.The agency has the country’s credit rating at B-double-three with a stable outlook, which is investment grade.

Fitch and Standard and Poor’s have both downgraded South Africa to sub-investment grade or the so-called junk status in 2015.That means being on watch for a downgrade in future. Whatever the decision, Moody’s will take into account the state of South Africa’s economy as well as its dim prospects for growth.There are some mixed views on what Moody’s Investors Service will do when it potentially makes an announcement on SA’s credit rating assessment today.

Stephen Grootes spoke to Lumkile Mondi, Senior Lecturer at the School of Economics and Business Science at Wits.

Lets hope this Moody is in a good mood.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick Friday Cartoon: Good Moody, Bad Moody
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: South Africa Names Ex-Alexander Forbes CEO to Rebuild Tax AgencSouth African President Cyril Ramaphosa appointed Edward Kieswetter, a former chief executive office of insurer Alexander Forbes Group Holdings Ltd., as the head of the nation’s tax agency.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: South Africa Holds Key Rate as It Cuts GDP GrowthHigher power, food and fuel prices will likely crimp household spending and limit prospects for stronger economic growth, resulting in the South African Reserve Bank having to hold the nation’s key interest rate for the rest of the year.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »