WATCH: Why S&P downgraded SA’s outlook
S&P Global sovereign ratings director Ravi Bhatia talks to Business Day TV about what SA needs to do to return to a stable outlook
SA runs the risk of sliding deeper into junk status. Moody’s, Fitch and now S&P Global have the country’s credit rating outlook on negative.
S&P, which already has the country’s overall credit rating at junk status, foresees a rapid worsening of the country’s debt metrics due to tepid GDP growth, upwardly revised fiscal deficits and the rising government debt burden.
S&P Global sovereign ratings director Ravi Bhatia joined Business Day TV to discuss his perspective on the decision and what SA needs to do to return to a stable outlook.
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