2 Nov 2019 Outlook on South Africa's Baa3 ratings changed to negative on risk of continued deterioration in finances, the agency said. Acute financial stress  25 Jun 2019 In South Africa, the Financial Sector Conduct Authority recently found the Global Credit Rating Agency guilty of failure to avoid a conflict of 

Credit rating is a highly concentrated industry, with the "Big Three" credit rating agencies controlling approximately 95% of the ratings business. Moody's Investors Service and Standard & Poor's (S&P) together control 80% of the global market, and Fitch Ratings controls a further 15%. When South Africa emerged from apartheid and the consequent international isolation in 1994 under the leadership of Nelson Mandela, one of the first things it sought was a credit rating that would This growth in the level of overall consumer borrowing indicates that demand for credit in South Africa remains strong and that consumers are continuing to utilise the credit that is available to Following Standard & Poor’s (S&P) Global decision to downgrade South Africa’s sovereign debt rating to junk this week, the group has followed through and done the same to South African banks. Consumer credit in South Africa by B.E. van der Walt and J.W. Prinsloo Introduction The spending and savings behaviour of a community is determined by various faclOfs such as the material and social needs of people. gives an overview of the sovereign credit rating industry: (i) analyses its impact on developing countries; and (ii) assesses some of the CRAs' shortcomings in the context of concerns that have recently been raised. II. CREDIT RATING AGENCIES IN THE INTERNATIONAL FINANCIAL SYSTEM A. Asymmetry of information and CRAs as "opinion" makers

Rating Action. Johannesburg, 13 March 2020- GCR Ratings (“GCR”) has withdrawn the national scale long term and short term issuer ratings assigned to ASL Limited (“ASL”), without affirmation as no additional analysis was performed. The withdrawal was due to commercial reasons.

Following Standard & Poor’s (S&P) Global decision to downgrade South Africa’s sovereign debt rating to junk this week, the group has followed through and done the same to South African banks. Consumer credit in South Africa by B.E. van der Walt and J.W. Prinsloo Introduction The spending and savings behaviour of a community is determined by various faclOfs such as the material and social needs of people. gives an overview of the sovereign credit rating industry: (i) analyses its impact on developing countries; and (ii) assesses some of the CRAs' shortcomings in the context of concerns that have recently been raised. II. CREDIT RATING AGENCIES IN THE INTERNATIONAL FINANCIAL SYSTEM A. Asymmetry of information and CRAs as "opinion" makers So if you want to apply for credit to buy a home or car, for example, or to apply for an increase in your credit limit, your credit score can serve as a guide. A poor, unfavourable or below average score indicates that you have some work to do to improve your credit risk rating.

5 Nov 2019 Moody's move places South Africa on the verge of a full house of companies, Moody's missed two of its last three scheduled rating actions.

3 Jan 2020 Slowing growth, lagging reforms and higher public spending are jeopardizing South Africa's last investment grade rating. Moody's updated  26 Feb 2020 to prevent ratings agency Moody's from pulling the trigger in March on South Africa's last investment-grade rating. But the Budget is laying the  22 Nov 2019 S&P already rates SA on subinvestment grade, at BB+ local currency, and we expect the agency will deliver a negative outlook on SA's local  5 Nov 2019 Moody's move places South Africa on the verge of a full house of companies, Moody's missed two of its last three scheduled rating actions. 4 Nov 2019 Credit rating agency has opted against downgrading country's debt to junk — for now. 2 Nov 2019 Outlook on South Africa's Baa3 ratings changed to negative on risk of continued deterioration in finances, the agency said. Acute financial stress  25 Jun 2019 In South Africa, the Financial Sector Conduct Authority recently found the Global Credit Rating Agency guilty of failure to avoid a conflict of 

South Africa's chances for a credit rating downgrade to “junk” status (or below of 2016 have diminished since June, when the global credit rating agencies last 

24 Nov 2019 This means ratings agencies have previously believed in a strong payment capacity of sovereign debt. SA 'can make it again'. "South Africa has  The Credit Rating Agencies listed below have been registered in accordance ​​Standard & Poor's Credit Market Services Europe Ltd with its South Africa  3 Jan 2020 Slowing growth, lagging reforms and higher public spending are jeopardizing South Africa's last investment grade rating. Moody's updated  26 Feb 2020 to prevent ratings agency Moody's from pulling the trigger in March on South Africa's last investment-grade rating. But the Budget is laying the  22 Nov 2019 S&P already rates SA on subinvestment grade, at BB+ local currency, and we expect the agency will deliver a negative outlook on SA's local 

13 May 2016 Across Africa, we are seeing more and more countries drive the The non- payment of loans can adversely affect credit rating and access to 

5 Nov 2019 Moody's move places South Africa on the verge of a full house of companies, Moody's missed two of its last three scheduled rating actions. 4 Nov 2019 Credit rating agency has opted against downgrading country's debt to junk — for now.

26 Feb 2020 to prevent ratings agency Moody's from pulling the trigger in March on South Africa's last investment-grade rating. But the Budget is laying the  22 Nov 2019 S&P already rates SA on subinvestment grade, at BB+ local currency, and we expect the agency will deliver a negative outlook on SA's local