Watch: Is a downgrade to junk from Moody’s inevitable?
Econometrix chief economist Azar Jammine talk to Business Day TV about Moody’s negative outlook on SA
Moody’s negative outlook on SA’s sovereign debt comes as little surprise in light of the alarming picture painted in last week’s medium-term budget policy statement.
Moody’s kept SA at BAA3 but revised the outlook to negative, citing a deterioration in the economic growth outlook and rising debt.
Econometrix chief economist Azar Jammine joined Business Day TV to discuss what the negative outlook means for SA.