Swaziland related announcements
Eswatini’s insurance sector risk score of 2.75 reflects the counterbalance of low earnings risk and an intermediate regulatory environment by limited market size. The regulatory environment is characterised by a developing risk based solvency regime, an intermediate legislative framework and somewhat average transparency, albeit moderated by low levels of policy enforcement.
The Eswatini country risk score of ‘2.5’ is largely a reflection of its weak monetary and fiscal policies, in addition to low economic growth and high inequality levels. The before mentioned results in increasing debt levels, domestic arrears and low foreign reserves. Strong imports and exports between South Africa and Eswatini are largely considered to be positive. The size and diversity of the economy is considered to be weak in comparison to its peers.
Johannesburg, 07 March 2018 — Global Credit Ratings has today withdrawn the rating accorded to Municipal Council of Mbabane without affirmation. The withdrawal is at the request of the client. NATIONAL SCALE RATINGS HISTORY Initial rating (May 2000) Last Rating (July 2017) Long term: A(SZ) Long term: BBB+(SZ) Short term: A1(SZ) Short […]
Johannesburg, 31 July 2017 – Global Credit Ratings has today affirmed the national scale ratings assigned to the Municipal Council of Mbabane of BBB+(SZ) and A2(SZ) in the long term and short term respectively; with the outlook accorded as Stable. The ratings are valid until July 2018. SUMMARY RATING RATIONALE Global Credit Ratings (“GCR”) has […]
Johannesburg, 1 August 2016 – Global Credit Ratings has today affirmed the national scale ratings assigned to the Municipal Council of Mbabane of BBB+(SZ) and A2(SZ) in the long term and short term respectively; with the outlook accorded as Stable. The ratings are valid until July 2017. SUMMARY RATING RATIONALE Global Credit Ratings (“GCR”) has […]
Johannesburg, 9 July 2015 — Global Credit Ratings has today affirmed the national scale ratings assigned to the Municipal Council of Mbabane of BBB+(SZ) and A2(SZ) in the long term and short term respectively; with the outlook accorded as Stable. The ratings are valid until July 2016. SUMMARY RATING RATIONALE Global Credit Ratings has accorded […]
