Chances of credit downgrade fall below 50%: Fitch Ratings has a similar rating while Moody's ranks South Africa two notches above junk. S&P's review is expected in June while Moody's has scheduled April 7 for its release. Rusike flagged state-owned companies with weak balance sheets as risks to the ... Source: "South Africa" - BingNews The liberation of South Africa … [Read more...] about SA News: Chances of credit downgrade fall below 50%
downgrade
Moody’s set to announce decision on downgrade
Moody’s set to announce decision on downgrade: Moody’s currently rates the country two notches above sub-investment grade at BAA2 with a negative outlook. ...... Source: WN.com - Southafrica News Alexandra residents left angry after heavy rains and no homes: Some displaced Alexandra residents say they've not been given any concrete solution to their living … [Read more...] about Moody’s set to announce decision on downgrade
Weak economy muddies budget as downgrade looms
Weak economy muddies budget as downgrade looms: A sluggish economy and weak revenue mean South African Finance Minister Pravin Gordhan may fail to narrow the budget deficit as quickly as he pledged, putting the nation's credit rating at risk of a downgrade to junk. Gordhan will present his mid-term budget on Wednesday and while he projected in February this year's … [Read more...] about Weak economy muddies budget as downgrade looms
SA News: Resilient SA economy can still avoid downgrade – Gordhan
Resilient SA economy can still avoid downgrade – Gordhan: In response to a question about whether South Africa can still avoid a downgrade later this year, Gordhan said yes because there are positive things happening in the country. “We have many things going for this economy. South Africa is still the most ... Source: "South Africa" - BingNews Media Alert for the 17th … [Read more...] about SA News: Resilient SA economy can still avoid downgrade – Gordhan
What South Africa needs to do to step away from the downgrade precipice | The Conversation
What South Africa needs to do to step away from the downgrade precipice: ShutterstockIn early June the international debt rating agency Standard & Poor’s granted a stay of execution by not downgrading the South African government’s IOU certificate to a “junk debt” status. This preserved the country’s credit worthiness as investment grade. South … [Read more...] about What South Africa needs to do to step away from the downgrade precipice | The Conversation
