Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
The first trading day after Moody’s cut the UK to three notches below Aaa, the markets shrugged.
African governments must engage rating agencies better, providing them and investors with credible economic data, and regularly address all concerns being raised.
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
They stumble around, baying for assistance, hoping to drink the lifeblood of other companies’ financial aid.
Since the first “climate awareness bond” was issued in 2007, the green-bond market has flourished. But how can investors judge their risk and effectiveness?
It’s hard to say if, legally, not paying the Brexit bill will classify as a sovereign default. But credit agencies will take serious notice.
Standard & Poor’s, Moody’s, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
Far too many people in Britain rely on high-cost short-term credit from alternative lenders.
The positive energy that’s greeted the new South African President, Cyril Ramaphosa, will turn to protest if economic challenges are not addressed quickly.
Robust credit ratings agencies are vital for the Australian economy, as the repercussions of their decisions are felt far and wide.
African cities are failing to raise development funds through bond markets.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.
Plans for China to rate its citizens for their trustworthiness have been depicted as uniquely Chinese. Don’t be so sure.
The government needs to learn from the mistakes in the US in sharing our credit history information to third parties.
South Africa’s 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Privatisation talk in South Africa shows how state owned enterprises are being used as tools for enrichment by the connected and less as key elements of development.
South Africa’s Public Protector, has been exposed as incompetent after trying to meddle with the constitutional mandate of the country’s central bank.
The University of Canberra’s Deep Saini and Michelle Grattan discuss the week in politics.
The S&P Global report cites the potential for low wage growth and low inflation as a ‘downside risk’ for the projections on getting to budget balance.