Not only has the market value of U.S. common stock set a new record high, so have the core pretax profits
of U.S. corporations. Third-quarter 2020’s core pretax profits were much greater than anticipated. Rather
than incur a widely expected year-to-year decline, core pretax profits managed to grow by 3.3% from a year
earlier in the third quarter to a new record high.
Read this and more in the Full Moody's report below.
A Bank Code is intended to be an affordability assessment to determine the client’s ability to repay their short-term financial obligations. It is therefore used to determine whether a customer is considered an acceptable risk for a bank for a specified amount borrowed over a specified period.
Our credit analysis team have put together a fact-based Credit Risk outlook for South Africa covering the economy, business and consumer confidence, political stability, and a sectoral update.