Browsing: S&P

News
Rand tumbles on news Zuma survives

South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in

News
Don’t worry, we have a plan: gov’t

Government is satisfied that it’s doing enough to unblock the constraints to economic growth, said minister for planning, monitoring & evaluation Jeff Radebe. Briefing the media on the

News
MTN suffers S&P ratings downgrade

Ratings agency Standard & Poor’s (S&P) has downgraded MTN’s credit rating and put the mobile network on a watch negative amid a US$5,2bn fine in Nigeria. S&P said on Thursday that it’s lowering its ratings on MTN from “BBB” and “zaAA+” to “BBB-“

News
Cell C off credit watch list

In a positive development for Cell C, ratings agency Standard & Poor’s (S&P) has removed the mobile operator from its watch list for a possible downgrade. This comes, S&P said in a note, after Cell C

News
S&P sounds warning on Cell C debt

Ratings agency Standard & Poor’s has sounded a warning over Cell C’s debts and its ability to repay them, and has said this could trigger a downgrade in the mobile operator’s long-term rating of B-. Such a downgrade, if it were to happen, could affect Cell C’s

News
Eskom downgraded to ‘junk’

Standard & Poor’s (S&P) has downgraded Eskom’s long-term credit rating to BB+ following the suspension of four of its senior officials, it said on Thursday. This had led the ratings agency to have less confidence in the company’s corporate governance arrangements