BUSINESS
Moody’s positive outlook on South Africa signals improved confidence in fiscal discipline, but the country still needs stronger growth to secure a rating upgrade.
BUSINESS
Moody’s has revised South Africa’s sovereign credit outlook from stable to positive while keeping the sovereign rating at Ba2.
AFREXIMBANK
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.