Bulk of economists polled expect negative tone by S&P Global
The next move from the ratings firm, which already assesses SA’s foreign-currency debt at two levels below investment grade, could then be a further downgrade
18 November 2019 - 11:22
Johannesburg/Seoul — SA could move deeper into junk territory as the nation looks set to lose the only stable outlook on its credit ratings this week.
Of the 22 economists in a Bloomberg survey, 16 expect S&P Global Ratings to change its outlook on the country’s credit rating to negative on Friday. That means the next move from the company, which already assesses SA’s foreign-currency debt at two levels below investment grade, could be a further downgrade...
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