Moody’s: Nigeria has less flexibility to cut spending
Businessam Staff
August 16, 2019
While most Sub-Saharan African (SSA) sovereigns plan to consolidate their budgets to stabilise debt, they are now more vulnerable to
S.Africa’s Zuma calls for action after S&P downgrade, rand up on Moody’s reprieve
Businessam StaffNovember 27, 2017
Jacob Zuma, South African President called for concrete measures to boost growth after S&P Global Ratings downgraded the local
Moody’s downgrades 8 Nigerian banks following downgrade of Nigeria sovereign rating
Businessam StaffNovember 12, 2017
*Says govt capacity to provide support for banks weak Moody’s Investors Service (Moody’s) Friday downgraded to B2 from B1
DMO responds to Moody’s downgrade, says Nigeria plans $2.3bn in oil asset equity restructuring
Businessam StaffNovember 9, 2017
Nigeria’s Debt Management Office (DMO) said Thursday that the country plans to raise N710 billion ($2.26 bn) through
The great escape: How credit raters ducked reform
Businessam StaffAugust 2, 2017
After the subprime crisis, rules-tightening didn’t hit S&P, Moody’s, and Fitch as hard as the banks. There’s a revealing
Moody says South Africa’s central bank under increasing political pressure
Businessam StaffJuly 31, 2017
South Africa’s central bank is under increasing political pressure to maintain “expansionary” monetary policy, Moody’s Investors
Moody assigns Nigeria’s Dangote Cement Ba3 corporate family rating
Businessam StaffJuly 7, 2017
Moody’s Investors Service has assigned a first-time Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and
China April industrial profits up 14 percent but slowing pace stokes economy worries
Businessam StaffMay 27, 2017
Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing