NEWS ANALYSIS: In the trash or just teetering on the edge?
Local sentiment is overwhelmingly negative but not everyone expects SA to be downgraded by Moody’s in 2020
21 August 2019 - 05:10
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...
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