South Africa's credit rating was downgraded today by Moody's to Baa1. Moody’s Investor Services decided today to downgrade South Africa’s government bond rating by one notch to Baa1 from A3; unfortunately the outlook remains negative.South Africa had been on an A3 credit rating since July 2009, but had been on negative credit watch in November 2011.oody’s Investor Services decided today to downgrade South Africa’s government bond rating by one notch to Baa1 from A3; unfortunately the outlook remains negative.
http://www.stanlib.com/EconomicFocus/Pages/SouthAfrica%27screditratingdowngraded.aspx
Outlook remains negative. Moody’s Investor Services decided today to downgrade South Africa’s government bond rating by one notch to Baa1 from A3; unfortunately the outlook remains negative. South Africa had been on an A3 credit rating since July 2009, but had been on negative credit watch in November 2011.oody’s Investor Services decided today to downgrade South Africa’s government bond rating by one notch to Baa1 from A3; unfortunately the outlook remains negative.
http://www.stanlib.com/EconomicFocus/Pages/SouthAfrica%27screditratingdowngraded.aspx
The impact of the downgrade was immediately felt in the market, with the volatile rand, which has been weak all year, down 1.9 per cent to R11.246 against the dollar. South Africa’s economy has been battered this year by strikes, severe electricity shortages, weak consumer demand and fragile investor confidence.Reuters. Moody’s downgraded South Africa on Thursday in the latest blow to Africa’s most developed economy, citing poor growth prospects and deteriorating investor climate.
http://www.ft.com/cms/s/0/2117e62c-65e1-11e4-a454-00144feabdc0.html
(Gallo). South Africa was dealt a double blow of Friday when Fitch Ratings changed its outlook on the country’s credit rating to negative in the morning and, after markets closed, Standard & Poor’s (S&P) announced it had downgraded the credit rating by one notch.ust hours after Fitch changed its outlook on SA's credit rating to negative, Standard and Poor announced its downgrading by one notch. The foreign currency rating was downgraded to BBB-with a stable outlook, while the local currency rating has been dropped from A-to BBB+. (Gallo).
http://mg.co.za/article/2014-06-13-sa-credit-rating-dealt-a-double-blow
SA 'monitoring effects of US downgrade'. 10-AUG-11. The National Treasury and the Reserve Bank, while closely monitoring the effects of the US credit downgrade and Europe's sovereign debt crisis, have expressed confidence in South Africa's economy and financial markets.0-AUG-11. The National Treasury and the Reserve Bank, while closely monitoring the effects of the US credit downgrade and Europe's sovereign debt crisis, have expressed confidence in South Africa's economy and financial markets.
http://www.southafrica.info/news/business/usdowngrade.htm
This rating decision should not materially impact South Africa’s inclusion in the Global Bond Index (SA is included in the Global Bond Index, with a weight of 0.41%, from Monday, 1 October 2012).oody’s Investor Services decided today to downgrade South Africa’s government bond rating by one notch to Baa1 from A3; unfortunately the outlook remains negative.
http://www.stanlib.com/EconomicFocus/Pages/SouthAfrica%27screditratingdowngraded.aspx
South Africa’s economy has been hit by slower-than-expected growth due to the detrimental impact of the five-month platinum sector strike on the economy. Other factors include labor unrest in other sectors, recent electricity blackouts in the first week of December, and generally weak local and global demand.espite successive sovereign credit rating downgrades this year, South African bonds are still included in Citigroup World Government Bond Index (or WGBI) and have the potential to attract investors. To learn more about the WGBI, refer to the next part of this series.
http://marketrealist.com/2014/12/ratings-agencies-downgrading-south-africa/
Rating agencies are downgrading South Africa’s sovereign debt because of worsening government finances. The downgrades are mainly driven by deteriorating economic growth, coupled with rising pressure on the government’s budget deficit and the growing vulnerability of the current account deficit.espite successive sovereign credit rating downgrades this year, South African bonds are still included in Citigroup World Government Bond Index (or WGBI) and have the potential to attract investors. To learn more about the WGBI, refer to the next part of this series.
http://marketrealist.com/2014/12/ratings-agencies-downgrading-south-africa/
It is South Africa’s second rating downgrade of the year after Standard & Poor’s lowered its rating one notch to BBB-in June.Reuters. Moody’s downgraded South Africa on Thursday in the latest blow to Africa’s most developed economy, citing poor growth prospects and deteriorating investor climate.
http://www.ft.com/cms/s/0/2117e62c-65e1-11e4-a454-00144feabdc0.html
The economic and structural factors discussed in Parts 1 to 5 of this series have all contributed to creating a generally negative outlook for South Africa. This is also reflected in the recent downgrades of the country’s ratings by prominent rating agencies.A credit rating downgrade severely hampers the ability of an economy, its public sector enterprises, and its private sector to raise capital from abroad.espite successive sovereign credit rating downgrades this year, South African bonds are still included in Citigroup World Government Bond Index (or WGBI) and have the potential to attract investors. To learn more about the WGBI, refer to the next part of this series.
http://marketrealist.com/2014/12/ratings-agencies-downgrading-south-africa/
impact of downgrade South Africa
The impact of the downgrade South Africa was immediately felt in the market, with the volatile rand, which has been weak all year, down 1.9 per cent to R11.246 against the dollar. The impact of the downgrade in South Africa was immediately felt in the market, with the volatile rand, which has been weak all year, down 1.9 per cent to R11.246 against the dollar.