nottheaverageactuary

Actuarial news and views from Cape Town and beyond

Moody’s downgrade of South Africa’s four big banks hurts JSE investor confidence(group 8)

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The recent downgrade of the four big South African banks spooks JSE investors.Moody’s reason behind the downgrade was not based on the financial position of those banks, but a perception that the South African Reserve Bank was willing to impose losses on creditors in case of an emergency, instead of protecting investors fully.

Details of the extent of the effect can be found in link below.

http://www.fin24.com/Markets/Equities/Moodys-downgrade-spooks-JSE-investors-20140820

 

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