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Economic Forecast - S&P upgrades Bulgaria’s ratings with a positive outlook
US-based international credit ratings agency Standard & Poor’s (S&P) has decided to revise Bulgaria’s long- and short-term foreign and local currency sovereign credit ratings from BBB/A-3 to BBB/A-2 ...
Moody’s cuts outlook for UK banks, citing Brexit concern
The ratings firm cut its outlook on British lenders to negative from stable, citing factors including the "prolonged uncertainty over Brexit” and its impact on economic growth over the next two years.
South Africa’s economy shrinks in third quarter
The return to contraction means that the economy is likely to mark another year of annual growth at or below one per cent, below the rate of population increase. The South African Reserve Bank, which ...
South African economy contracts 0.6% in third quarter
GDP grew 0.1% year on year in the third quarter, also below economists' forecasts for growth of 0.4% and below second-quarter growth of 0.9%. (Reporting by Mfuneko Toyana; Writing by Alexander Winning ...
Moody’s cuts outlook on UK banking system to negative
“The UK’s economy is weakening, making it more susceptible to shocks, and prolonged uncertainty over Brexit has reduced the country’s growth prospects,” said Laurie Mayers, associate managing director ...