The S&P Global Ratings has assigned a AA-rating to African Development Bank Group (AfDB) for its inaugural hybrid capital issuance, which is expected to position the bank as a pioneer in innovative sustainable financing globally The AA-rating to the debut transaction is the highest rating for hybrid capital and the first ever to be issued by […]
S&P Global Ratings, a leading ratings firm, has reported that the global reinsurance sector outlook remained negative still despite gradual economic activity recovery in most countries as returns for the sector still fell short and the industry continues to battle against its commoditization, in particular from non-traditional capital. The ratings agency stated that the capital […]
Leading ratings agency, S&P Global, has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency, in a letter, dated 29 January 2021, stated that its outlook reflected the expectation that the African Development Bank (AfDB) would, over the next two years, “prudently manage its […]
South African new Finance Minister, Tito Mboweni, will on Wednesday seek 50 billion rand ($3.5 billion) for a stimulus package as the country contends with fiscal challenges in 2018 budget implementation Mboweni, the former central bank governor who took over the finance ministry barely two weeks ago after Nhlanhla Nene resigned, has to do that […]