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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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
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
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-“
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
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
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
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
Eskom is concerned about its one notch downgrading by rating agency Standard & Poor’s, the power utility said on Wednesday. “Although Eskom’s credit rating remains investment grade, with the support of government, the recent downgrades by Moody’s and Standard & Poor’s are