Ratings agency Moody’s downgrades Steinhoff

International retailer Steinhoff has been downgraded by rating agency Moody’s. The rating agency downgraded Steinhoff to Caa1 corporate family rating which indicates high credit risk. The furniture retailer has 40 different brands in 40 countries. Steinhoff’s share price dropped more than 90% after its CEO reigned in December. It announced[…]

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Cpt gets highest possible credit rating from Moody’s

The City of Cape Town has maintained the highest possible credit rating opinion from the ratings agency Moody’s. This rating follows closely after the City received its 13 consecutive unqualified audit report. The rating means that the City has the highest possible level of credit quality within the national context,[…]

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