South Africa is under threat of a downgrade to its sovereign credit rating since Standard and Poors(S&P) lowered its foreign-currency long-term credit rating from BBB to BBB- in June 2014, with Fitch following suit in December 2015. Moody’s,the third major global rating agency, maintained South Africa’s credit rating one notch above S&P and Fitch, or two notches above sub-IG. With economic growth continuing to slow and perceptions of high policy uncertainty...
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INFORMATION
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2016/08/01
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Fiche
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107876
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1
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1
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2016/08/17
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Disclosed
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South Africa and the ghost of a rating downgrade to sub-investment grade
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t-bill rate
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