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...About $5bn of African sovereign foreign currency bonds will become due this year, and a further approximately $6bn next year, according to Moody’s estimates....
...Within a contrasting palette of bright red, fire orange, earthy browns and moody greys, a beam of white light casts down from a crack in a blue partition of sky on to a room with father and his son at a...
...Later in the day, Moody’s downgraded its credit rating for the bank’s deposits to junk....
...The regional lender also appointed Joseph Otting, a former Comptroller of the Currency in the Donald Trump administration, as its new chief executive....
...As Moody’s Rajeev Bamra tells me, the halving prompts a “thorough reassessment of mining economics”....
...And as the chart below from Moody’s Mark Zandi shows, wealth is broadly rising: US productivity keeps improving....
...Moody’s and Standard & Poor’s lifted its credit ratings and investment began arriving from international partners....
...Joseph Cotterill reports on the group’s meeting from Johannesburg. 5....
...It’s a richly moody environment, an ideal place to explore and dream about Sara’s creations, which I collect....
...And in October, a downgrade from rating agency Moody’s pushed TeamHealth deeper into junk territory. Back at Texoma, the medics plotted a rebellion....
...Alfie Stirling, chief economist at Joseph Rowntree Foundation: By the next election the cost of living crisis is likely to have become increasingly polarised....
...This year the country’s sovereign debt completed its fall into junk status, Moody’s downgraded it in March, and the budget deficit is likely to hit double digits as a percentage of a GDP....
...Brazil’s Joseph Safra was the world’s wealthiest banker when he died earlier this month....
...Moody’s kept the country’s debt on a negative outlook as it said that the shutdown of pandemic-struck economies around the world “will exacerbate” economic and fiscal challenges....
...It was recently downgraded to junk by Moody’s....
...Funding pressures on the bank worsened after South Africa’s credit rating was cut to junk by Moody’s last month, sending Land Bank’s own rating even lower....
...Moody’s downgraded the government’s credit rating to below investment grade last month in response to a rapid rise in debt and a legacy of graft, completing South Africa’s long descent into junk status....
...Colin Ellis, global credit strategist at Moody’s Investors Service: UK growth will lag the US and most of Europe....
...South African bonds may face a further test on Friday, when Moody’s could strip the country of its last remaining investment-grade rating....
...Moody’s has warned that it could cut South Africa’s government debt to junk as soon as March due to the unsustainable finances of several state companies, including SAA and Eskom, the blackout-prone power...
...While dwarfed by the legacy cargo companies — UPS has more than 250 planes in regular use — the newcomer’s growth has been “nothing short of extraordinary”, said Joseph Schwieterman, the Chaddick Institute...
...Most economists had expected the central bank to hold rates until the Moody’s decision, which could lead to a sharp fall in the South African rand if the country is cut to junk....
...Moody’s has been an outlier for a while....
...“[Greater liquidity ratios] could further limit funds’ investment options which makes it harder to run a money-market fund,” added Joseph Abate, a managing director at Barclays....
...Moody’s cut its forecast for the country’s economic growth this year to below 1 per cent owing to these local factors rather than the virus....
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