Credit rating

SA’s been downgraded, but is it fair?

Deep Dives / November 23, 2020 November 23, 2020

You may have heard that South Africa has been “downgraded”. Again? Yup. There are three major rating agencies in the world. These are the names you keep hearing in the news: S&P, Fitch and Moody’s. They all have different grades, with weird names like BB+, etc. What you need to know is that you’re either …

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Explainer: Credit rating downgrades

Explainers / November 23, 2020 November 23, 2020

South Africa has been downgraded again. But what exactly is a “credit rating downgrade”? Read on as we break it down for you. 1.Governments borrow money by issuing bonds: The first thing to understand is that governments, like you and me, borrow money to fund shortfalls in their budgets. So if a country is not …

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Coronavirus AND junk status?! Ratings explained – and why there’s hope

Explainers, Videos / March 26, 2020 March 26, 2020

What do they mean and why do they matter?