Moody's places SA Inc on downgrade review

Global ratings agency Moody's has placed a number of major South African cities and municipalities, banks, businesses and insurance groups on review for downgrade, after it did so for the country's so...

By Staff reporter | Published: 29 November 2017


S&P Global downgrades SA to junk

Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed ...

By Staff reporter | Published: 25 November 2017


Imara Stockbrokers downgrades Bindura

Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...

By Staff reporter | Published: 17 February 2015


'Ailing banks should downgrade,' says RBZ boss

Struggling banks should consider merging or downgrading to micro-finance institutions which have less capital requirements and operating costs instead of posing a threat to the entire financial servic...

By Conrad Mwanawashe | Published: 24 July 2014


'Struggling banks should downgrade'

The Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences. The central bank on Wednesday...

By Staff reporter | Published: 31 January 2014


Moody's considers downgrading top US banks

NEW YORK - Moody's has warned that it could cut the credit ratings of the six biggest US banks, saying the federal government may be less likely to bail them out if they got into trouble in the future...

By FT | Published: 23 August 2013

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