Moody’s Downgrades South Africa Banks, Insurance Companies and Others (Moody’s)

South Africa’s banks and insurance companies have been downgraded in keeping with the country’s overall downgrade. Moody’s considers the banks and insurance groups’ key credit fundamentals (asset quality, capitalisation, profitability and financial flexibility) to be partly correlated with and linked to the economic and market conditions in South Africa.

Investors should check out our South Africa ADR list and out South Africa ETF list.

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