Moody
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NEWS
Moody’s Offers Coronavirus Credit and Economic Research Free to the Public
Moody’s Corporation (NYSE:MCO) is now offering its research and views on the credit and economic impact of the coronavirus (COVID-19) via a dedicated website, available to the public at moodys.com/coronavirus. Updated on an ongoing basis, the site brings together insights from across the company, providing a resource for market participants to better understand the financial implications of the outbreak. The full…
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Africa
Downgrade hits South African banks
Shares in South Africa’s largest banks fell on Wednesday, following downgrades from the ratings agency Moody’s. Standard Bank, FNB, Nedbank and ABSA, which is owned by Barclays, were all downgraded on Tuesday and Moody’s warned of more possible ratings cuts. The move comes a week after South Africa’s central bank bailed out the smaller lender African Bank. The South African…
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