Tag ArchivesMoody’s

Ian Matthews, Head of Business Development at Bravura

Has the Medium-Term Budget Policy Statement done enough to appease Moody’s?

Ian Matthews, head of business development and special projects at Bravura, comments on the medium-term budget policy statement (MTBPS) which was issued this afternoon. (more…)

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SA insurers made more resilient by new regulations: Moody’s

According to Moody’s Investor Service, South Africa’s new prudential regulatory standard for insurers, known as Solvency Assessment and Management (SAM), brings the country’s insurance regulation into line with international best practice. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

SA banking system: Resilient financials amid a weakening economy drive our stable outlook, says Moody’s

Moody’s says in its outlook on the SA banking system issued today: We have changed our outlook for the South African banking system to stable from negative, reflecting our assessment that the banks’ financial metrics and creditworthiness will remain resilient over the next 12 to 18 months, despite weakening operating conditions. Slow economic growth will […]

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Turkey fallout highlights vulnerability of some EMs

Moody’s Investors Service says the fallout from the correction in Turkey’s (Ba3 negative) exchange rate and asset prices highlights again the external vulnerability and sensitivity to a rise in the cost of debt of some emerging and frontier market nations. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s: Weak macroeconomic conditions to have limited effect on securitised transactions in SA

Moody’s Investors Service today published a structured finance research report that looks at the performance of South African commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS). “Despite subdued economic activity, with weak consumer demand, low business investment and political uncertainty, the effects on the underlying commercial/residential real estate markets and associated securitised transactions is […]

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Recovery in business confidence crucial for SA’s growth: Moody’s

While consumer and business confidence in South Africa (Baa3 stable) improved in the first quarter of the year, investment weakened during that period. This is according to an issuer report from Moody’s. (more…)

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Guardrisk Group ratings confirmed

International rating agency, Moody’s Investor Service, recently confirmed the ratings assigned to three companies in the Guardrisk Group, which is a subsidiary of JSE-listed MMI Holdings. (more…)

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