S&P says SA needs to improve on its growth and fiscal performance
No delivery on economic and fiscal performance could put pressure on SA’s sovereign credit rating, says S&P Global Ratings
25 January 2017 - 15:54
SA’s sovereign credit rating could come under pressure if there is no improvement in its economic growth and fiscal performance, S&P Global Ratings’ sub-Saharan region head said on Wednesday. "We have certain expectations with regard to GDP growth and certain expectations with regard to fiscal improvements," Konrad Reuss said at a conference in Johannesburg. "If there is no delivery in this regard, that could certainly put pressure on the rating" S&P rates South Africa BBB-, one level above "junk" status, with a negative outlook. Reuters
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