ARTICLES RELATING TO
MOODY'S
South Africa is focusing on boosting economic growth and reducing inequality rather than cutting spending to appease investors, says Finance Minister Pravin Gordhan.
While the Budget Speech does not justify further credit rating cuts, it also will not allay the concerns of ratings agencies sufficiently, an analyst warns.
British finance minister George Osborne insists that he will not abandon his deficit-cutting drive after Moody's stripped the country of its coveted triple-A debt rating.
The South African bond market showed a muted reaction to Fitch’s ratings downgrade of SA.
Rating agency Moody’s has praised the City of Cape Town’s good budgetary results and liquidity position in its annual credit report on the city.
Moody's credit rating agency has lowered its outlook for South African banks' to "negative" from "stable".
Moody's has warned that banks are over-exposed to recently downgraded government securities, which make up over 150% of capital at the largest banks.
Moody's has downgraded France's sovereign rating, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects".
Nigeria, Kenya and Zambia have received their first sovereign ratings from Moody's, handily beating Greece in the creditworthiness stakes.
Legislators have approved new laws to regulate credit ratings companies, and to ensure that they become more accountable and transparent.
Moody's has downgraded electronics titan Sony, citing the company's "weak profitability and cash flow".
Anger is red hot and consequences could be dire, says Mzwandile Jacks.
Ratings agency Moody’s has downgraded SA’s five biggest banks' foreign deposit ratings due to the revision of the country's foreign currency deposit ceiling.
Electricity utility Eskom has acknowledged the downgrade in its credit rating by Moody's, and says it reflects the problems facing the company.
Credit ratings agency Moody's has downgraded several municipalities, including Johannesburg, following its downgrade of South African sovereign debt.
