Inequality, slow vaccine roll-out leads agencies to keep SA s credit rating unchanged Updated
Christelle du Toit
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According to Fitch, South Africa’s rating is constrained by high and rising government debt, low trend growth, and exceptionally high inequality that will complicate consolidation efforts.
Gauteng Provincial Government
Government says it has noted the rating decisions by S&P and Fitch to keep the country s long term foreign and local currency debt ratings at ‘BB-’and ‘BB’, respectively.
S&P left the country s outlook as stable while Fitch decided on a negative outlook in its latest rating announcement.
According to Fitch, South Africa’s rating is constrained by high and rising government debt, low trend growth, and exceptionally high inequality that will complicate consolidation efforts.
Sensex rebounds on positive global cues: What else is driving Dalal Street today
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Last Updated: May 21, 2021, 09:48 AM IST
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SBI, Concor, Crompton, Godrej Industries, Hindalco and JSW Steel are some of the companies due to post their Q4 results on Wednesday.
Analysts awaited more quarterly earnings announcements from India Inc for cues.
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NEW DELHI: Benchmark indices were off to a positive start on Friday led by across-the-board buying. Domestic stocks gained, tracking an overnight rise on Wall Street, after weekly jobs data suggested the world s largest economy was recovering at a fast pace.
Investors keenly awaited the quarterly numbers of four Nifty50 companies: SBI, JSW Steel, Hindalco Industries and Shree Cements.
Entrepreneur Ansh Handa achieves new heights of success in Digital Business ANI | Updated: May 20, 2021 12:21 IST
Panchkula (Haryana) [India], May 20 (ANI/PNN): From a very young age, Ansh Handa with his creative and aspiring personality always aimed to reach the heights of financial success with the ultimate goal of establishing generational wealth.
With his natural talent in being able to lead and inspire individuals, he used IM Mastery Academy as a medium to help tens of thousands of individuals rise with him in an online educational space.
IM Mastery Academy™ is an online educational platform that is the number one company in generating momentum. This platform simplifies the learning process with the aid of practical strategies in the forex, digital currency, high frequency and e-commerce markets.
India’s ratings are collapsing. It now has the lowest investment grade rating with a negative outlook from all three major global agencies S&P, Fitch and Moody’s.