Moodys News

Transfer of Eskom's debt to South African government credit neutral - Moody's

A Moody's sign on the 7 World Trade Center tower is photographed in New York, file.

Reuters , Africa Dec 14, 2018

Eskom debt swap not an option - South Africa's Ramaphosa

President Cyril Ramaphosa gestures after announcing Shamila Batohi (not pictured) as the country's new chief prosecutor, at the Union building in Pretoria, South Africa, December 4, 2018.

Reuters , Africa Dec 14, 2018

Moody’s criticises Eskom’s request to transfer its debt to the state

JOHANNESBURG - Rating agency Moody’s has criticised a request by Eskom to transfer a large section of its debt to the government, saying this will place a heavy burden on the state.

EWN , South Africa Dec 13, 2018

#RandReport: Rand slides on risk aversion, stocks down

JOHANNESBURG - South Africa’s rand fell on Friday, in line with other emerging market currencies, as investor appetite for riskier assets dimmed amid fresh worries of a sharp economic slowdown in China.

EWN , South Africa Dec 13, 2018

Moody's predicts deficit will hit 6.5pc of the GDP

Kenya’s fiscal deficit is likely to exceed the 5.7 per cent target of the gross domestic product (GDP) this year, piling an extra Sh78 billions of borrowing or forced budget cuts on top of the current numbers.

Business Daily Africa , Kenya Dec 13, 2018

Moody's predicts deficit will hit 6.5pc of the GDP

Kenya’s fiscal deficit is likely to exceed the 5.7 per cent target of the gross domestic product (GDP) this year, piling an extra Sh78 billions of borrowing or forced budget cuts on top of the current numbers.

Daily Nation , Kenya Dec 13, 2018

Declining revenue bad for Kenya’s credit profile, Moody’s agency says

"The government debt burden has increased consistently and we expect it to reach 60 per cent of GDP over the medium-term," said Lucie Villa, senior credit officer and co-author of the report.

The Star , Kenya Dec 12, 2018

Inability to expand non-oil revenue constrains Nigeria’s credit profile — Moody’s

Nigeria’s credit profile (B2 stable) is constrained by the sovereign balance sheet’s continued exposure to shocks because the government has been unable to expand its non-oil revenue base sufficiently, Moody’s said in its report, yesterday.

Vanguard News , Nigeria Dec 11, 2018

6 major events that pose a big risk to South Africa in 2019

While these steps form part of the ruling African National Congress’s plan to accelerate wealth redistribution, commercial banks that hold farm debt could be hit.

Business Tech , South Africa Dec 9, 2018

Eskom, what’s the plan?

LONDON – For clarity we reiterate our baseline: We believe that the government will begin to go down the route of a broad social compact view but then balk at the actual or prospective labour backlash and possible accompanying sabotage that will g...

IOL , South Africa Dec 9, 2018