Tag Archives: rating

Kampala, Uganda | THE INDEPENDENT | Global Credit Rating Co ltd (GCR) has assigned Uganda Development Bank Limited (‘UDB’) national scale issuer private ratings of AA+(UG)/A1+(UG.) This is a notch below the highest possible rating with the outlook accorded as ‘Stable’. At the same time, GCR has also assigned UDB an …

Johannesburg, South Africa | AFP | Credit rating agency Standard and Poor’s downgraded South Africa’s rating to junk status on Monday, as the country’s currency continued to slide following a controversial cabinet shuffle. “The executive changes initiated by President Zuma have put at risk fiscal and growth outcomes,” S&P said …