Moody’s acquisitions are a setback for the development of alternative rating agencies to compete against the monopoly of the ‘big three’.
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 Commonwealth can never become insolvent. It ought to help out the states.
The first trading day after Moody’s cut the UK to three notches below Aaa, the markets shrugged.
Starting to feel a little more optimistic? Look away now.
The alarm being raised by multilateral financial institutions about rising government debt across Africa is exaggerated. The real problem is that African governments pay way over the odds for debt.
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?
African countries need to find a way to present a common front to the rating agencies.
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.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he’s done, serious thought should be given to forming a government of national unity.
The focus will now be on how the social democratic and left-leaning members of South Africa’s cabinet – the “constitutionalists” – will respond to the reshuffle.
South African President Jacob Zuma has replaced the finance minister and his deputy with appointments that would allow looting of the national purse.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
The costs to South Africa of maintaining the ownership of a national airline are proving to be unbearably expensive. It’s time to let the struggling carrier go.
Budget repair seems even less plausible after this election and this is the main risk to Australia’s AAA credit rating.
South Africa has narrowly escaped a downgrade of the rating of its sovereign bonds, but government has its work cut out as it seeks to restore investor confidence and lift economic growth.
Pessimists aren’t asking if the glass in South Africa is half full. They want to know if there’s anything in the glass. The answer is a pleasant surprise.
South Africa’s finance minister means well, especially in his bid to cut public sector expenditure. But his success requires strong leadership and strategic alignment across the entire public sector.
The credit-ratings agencies are already circling to cut the UK’s grade if it votes to leave the EU. Here’s how their calculations work, and what we should do about it.