Carol Paton Editor at Large

With SA hanging on to its investment-grade status by a thread, the big question is will we be junked? And if so, how bad will it be?

With local sentiment overwhelmingly negative, it is tempting to see a downgrade by Moody’s Investors Service as a dead cert. If this were to happen, it would likely be in two stages: first a change to the “stable” outlook to “negative” after November 1, and then a downgrade during 2020. SA would lose its investment-grade status, having been assigned junk status by all three major credit ratings agencies.

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 Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now