Outlook on South Africa’s Baa3 ratings changed to negative on risk of continued deterioration in finances
01 Nov 2019|Moody's Investors Service
South Africa’s high unemployment, income inequality and related social and political challenges have proven to be a greater obstacle to government plans to raise potential growth and contain fiscal deficits than we expected a year ago. We have revised our medium-term GDP growth projections for South Africa to 1%-1.5%, down from earlier expectations of a gradual increase to 2.5%-3%.
Financial Institutions – Africa: Nigeria's growing adoption of electronic platforms is credit positive for banks and payment service companies
04 Oct 2019|Moody's Investors Service
Nigeria's banks and payment service companies will expand their products and increase revenue while cutting costs as usage of electronic platforms rises. Greater usage of e-platforms provides new channels of revenue generation and leaner cost structures for banks, which will support banks' efficiency and profitability.
07 Oct 2019|Moody's Investors Service
This compendium brings together Moody’s recent research on African sovereign, banking and corporate finance credit, including a focus on how liquidity is manageable for South African companies despite some pockets of risk, credit profiles of South African banks will remain resilient despite the weak economy and more.