53914
S. Africa Junk Rating Inevitable
S. Africa Junk Rating Inevitable

S. Africa Junk Rating Inevitable

S. Africa Junk Rating Inevitable

Should South Africa avoid having its credit rating cut to “junk” in the next two weeks, it could just be staving off the inevitable.
More than half of 12 economists surveyed by Bloomberg said S&P Global Ratings would strip the nation of its investment-level rating.
The median probability of South Africa retaining its current assessment is 45%, falling to only 20% in 2017, the survey shows.
South Africa faces a cut to junk on its foreign currency credit rating as output is forecast to expand at the slowest pace this year since 2009, delaying the government’s plans to narrow the shortfall on the budget and rein in debt.
S&P is scheduled to announce its assessment–which is at the lowest investment grade and has a negative outlook–on December 2 and Moody’s Investors Service will publish the review of its rating, currently one level higher than S&P’s, on November 25.
Fitch Ratings hasn’t yet set a date for its assessment.

Short URL : https://goo.gl/dAJ4OM
  1. https://goo.gl/wK6XrX
  • https://goo.gl/Qxayds
  • https://goo.gl/b5pHJY
  • https://goo.gl/2WIZ1P
  • https://goo.gl/o7PTNZ

You can also read ...

Bank of Japan Keeps Policy Steady
The Bank of Japan kept its monetary stimulus unchanged...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...
German Ministry Optimistic About Third Quarter Growth
Germany’s economy weakened at the start of the third quarter...
WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
China Vexed Over S&P Credit Rating Downgrade
China is angry at Standard and Poor’s following a downgrade of...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus