12 February 2019, News Wires — South Africa’s Eskom warned of wider controlled power cuts on Monday after six additional…
Browsing: Moody’s
19 August 2018, Copenhagen — A.P. Moller-Maersk says it would spin off its offshore drilling operation and list it in Copenhagen…
19 June 2018, New Delhi — The recent rally in global crude oil prices has led to India’s oil import bill…
23 May 2018, Sweetcrude, Abidjan, Côte d’Ivoire – On Wednesday, 16th May 2018, the African Development Bank, rated Aaa/AAA/AAA by…
03 January 2018, Bengaluru — Moody’s Investors Service said on Tuesday it expects oil prices in the range of $40…
21 December 2017, Sweetcrude, Abidjan, Côte d’Ivoire –- The Board of Directors of the African Development Bank has approved the…
Sam Ikeotuonye 20 December 2017, Sweetcrude, Lagos – Moody’s Investors Service has predicted a negative outlook for the African banking system…
*Country’s foreign-currency debt downgraded to Baa3 from Baa2 *Moody’s cites reduced growth prospects, weakening institutions 10 June 2017, Johannesburg –…
“The associated local currency weakness increases the cost of servicing unhedged foreign currency debt obligations, reduces repatriated profits in foreign currency and lowers operating margins, as companies are not able to pass on high import costs to the consumer”, added Mr Bate.
*Central bank able to identify risks much earlier: Majekodunmi *Outlook for banks improves on oil, increased dollar supplies 12 May…
