Picture: REUTERS
Picture: REUTERS

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.

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