MORE DOWNGRADES
SA on borrowed time as budget leaves ratings companies unconvinced
28 June 2020 - 17:51
The government is living on borrowed time as two major ratings agencies have warned that SA could be on track for further downgrades if it does not deliver on its promises to rein in debt.
Fitch Ratings, which already has SA two steps below investment grade, said on Friday that failure to come up with a credible plan to deal with debt and boost the economy "could lead to negative rating action"...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now