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.
Director of Sovereign Ratings at S&P Global Ravi Bhatia spoke to Business Day TV about the agency's decision to lower South Africa's outlook to negative
Or listen to the full audio:
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.