insert_link Business / Economics Moody’s affirms South Africa’s Ba2 rating with a stable outlook Moody's has affirmed South Africa's long-term debt ratings at "Ba2" with a stable outlook. The agency cited the country's strong institutions, like the judiciary and central bank, as credit strengths. However, persistent inequalities continue to hinder reforms and pose social risks, according to Moody's. today4 December, 2024
insert_link Africa Moody’s Downgrades Kenya’s Sovereign Rating Amid Fiscal Challenges Moody's downgraded Kenya's sovereign rating to "Caa1" from "B3" on Monday, citing reduced ability to manage its debt burden through fiscal consolidation. Reuters says, This downgrade affects the country's local- and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings. In June, Kenyan President William Ruto withdrew planned tax hikes following mass protests that resulted in at least 24 deaths. today9 July, 2024
insert_link Namibia Namibia’s Rating Upgraded: Importance for the Country and Its People By Josef Kefas Sheehama Periodically, the Namibian government establishes policies to address the unstable state of the economy. Encouraging economic growth requires policymakers to put in place measures that support investment, innovation, and entrepreneurship. Therefore, the government can assist in fostering an environment that is conducive to business and promotes employment and economic growth. As an Independent Economic and Business Researcher, I therefore wholeheartedly commend the […] today6 June, 2024
insert_link Business / Economics Moody’s downgrades Israel’s debt rating Moody's has downgraded Israel's debt rating from A1 to A2 due to the economic impact of its conflict with Hamas. The credit rating business listed the increased political risk, weakened institutions, and fiscal strain as key factors. Despite remaining investment-grade, the downgrade will raise borrowing costs for Israel. Bank of Israel Governor Amir Yaron meanwhile says the country's economy is strong and will recover from the impact of the war. today12 February, 2024
