Credit Ratings

It provides many a modicum of financial freedom – especially when it comes to big purchases such as a house or a car – but too much credit can be a bad thing, particularly for the youth. IN CHAINS: A Credit Ombud report shows that most…

Credit ratings agency Moody’s downgraded a slew of South African banks, insurers and local authorities yesterday because of the country’s worsening financial position. It slashed the creditworthiness of the five biggest banks – FirstRand,…