Browsing: Moody’s

News
SA edges closer to junk status

South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency

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SA clears final ‘junk’ hurdle

Ratings agency Fitch on Wednesday affirmed South Africa’s investment grade credit, and surprisingly kept its outlook stable, but it warned that political and growth concerns should be addressed. This follows rating reviews by Moody’s

News
Eskom staves off Moody’s downgrade

Moody’s Investors Service has affirmed Eskom’s credit rating with a negative outlook, following the affirmation of the country’s sovereign credit rating. The power utility was placed on review for a potential downgrade

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Eskom finances unlikely to improve

Beyond a large increase in tariffs, a material improvement in Eskom’s financial profile is not expected before new generation capacity comes on stream, Moody’s Investors Service said on Tuesday

News
Sanral downgraded over e-tolls

Rating agency Moody’s has changed Sanral’s outlook from stable to negative, due to debt and decreased e-toll revenue. “The change in outlook and lower BCA (Baseline Credit Assessment) reflect

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Rates cuts to hurt MTN, Vodacom: Moody’s

The halving of mobile phone termination rates will hurt MTN and Vodacom but benefit smaller operators, Moody’s said on Monday. Vodacom will be hardest hit because it had the biggest share of the South African mobile telecommunications market, with 47%, and the bulk of its cash flow came

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E-tolls keep Sanral from downgrade

Roads agency Sanral’s credit rating has been affirmed by rating agency Moody’s Investors Service, according to a report. Sanral’s credit rating has been downgraded three times since February last year and was placed under review for a downgrade in September, according to a report in the

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Telkom suffers fresh ratings downgrade

Struggling telecommunications operator Telkom has suffered another blow after ratings agency Standard & Poor’s downgraded its credit rating on Tuesday, warning that the continued decline in its fixed-line business and losses in mobile will result in further profit erosion. S&P cut Telkom’s credit

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