Credit Ratings Agencies & more
CPI inflation was released, coming in slightly lower than expected. SARB kept rates unchanged – the uncertainty was too much for them to handle... and there is lots to talk about credit ratings agencies. PPC rejects Fairfax offer, Mr Price looks like it is getting back on its feet, and Taste Holdings is unable to sell their jewellery business and has to raise almost their market cap in a rights issue. Plus, the US jobless claims are below 300k for the 142nd consecutive week.