SOUTH Africa’s credit risk is climbing relative to emerging-market peers after a wave of violence against foreigners soured investor sentiment already dimmed by power shortages, according to Nedbank. Credit-default swaps to protect against non-payment of South Africa’s dollar debt over the next five years climbed 19 basis points this year to 208, compared with a 10-point rise to 149 for Colombia, which has a similar Baa2 credit rating at Moody’s Investors Service.
Read the full article by here: Johannesburg, South Africa News
Submit and get free press releases here: MyPR Free Press Release.
Click HERE to submit your Johannesburg news.
Read more on MyJHB.
Join the fun: Add Your event | Submit a Press Release | Add your listing.
Previous: Gautrain go-slow
