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WATCH: How ratings agencies view SA as it battles the pandemic
S&P Global’s director and lead analyst for SA’s sovereign ratings, Ravi Bhatia, and Fitch Ratings senior director Mahin Dissanayake talk to Business Day TV
04 May 2020 - 08:00
S&P Global has downgraded SA deeper into junk status. The ratings agency now has the country at two rungs below investment grade, due to the fear around Covid-19 and its effect on the economy. Fitch on the other hand as downgraded five SA local banks.
Business Day TV spoke to S&P Global’s director and lead analyst for SA’s sovereign ratings, Ravi Bhatia, and Fitch Ratings senior director Mahin Dissanayake about the implications of the recent downgrades. ..
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