{"id":9410,"date":"2012-03-29T03:36:56","date_gmt":"2012-03-29T01:36:56","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-sp-downgrades-s-africa-outlook-cites-structural-problems\/"},"modified":"2012-03-29T03:36:56","modified_gmt":"2012-03-29T01:36:56","slug":"update-2-sp-downgrades-s-africa-outlook-cites-structural-problems","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-sp-downgrades-s-africa-outlook-cites-structural-problems\/","title":{"rendered":"UPDATE 2-S&amp;P downgrades S.Africa outlook, cites structural problems"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* SP cites structural problems for downgrade<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Re-affirms foreign, local currency ratings<\/p>\n<p><span><\/span><\/p>\n<p>* Downgrade follows similar moves by Moody&#8217;s, Fitch<\/p>\n<p><span><\/span><\/p>\n<p>* Treasury rejects political risk assessment<\/p>\n<p> (Adds Treasury reaction)<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 28 (Reuters) &#8211; SP downgraded South<br \/>\nAfrica&#8217;s outlook to negative from stable on Wednesday, citing<br \/>\nthe potential for a ratings downgrade if economic and social<br \/>\nproblems feed into the political debate ahead of 2014 elections.<\/p>\n<p><span><\/span><\/p>\n<p>But the Treasury rejected the ratings assessment of the<br \/>\npolitical risk in Africa&#8217;s biggest economy, saying political<br \/>\ndebate should not be confused with instability.<\/p>\n<p><span><\/span><\/p>\n<p>SP said South Africa&#8217;s near-term political pressures had<br \/>\neased and the Treasury remained committed to fiscal<br \/>\nconsolidation, but added problems such as high unemployment and<br \/>\na structural current account deficit persisted.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The negative outlook reflects the potential for a downgrade<br \/>\nif economic and social problems feed into the political debate<br \/>\nin the run-up to the 2014 elections and consequently further put<br \/>\npressure on the policy framework,&#8221; SP said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* SP cites structural problems for downgrade * Re-affirms foreign, local currency ratings * Downgrade follows similar moves by Moody&#8217;s, Fitch * Treasury rejects political risk assessment (Adds Treasury reaction) By Stella Mapenzauswa JOHANNESBURG, March 28 (Reuters) &#8211; SP downgraded South Africa&#8217;s outlook to negative from stable on Wednesday, citing the potential for a ratings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9410"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9410\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}