Tag: S&P
South Africa’s Credit Rating History – 1994 to 2017
Victor Mphaphuli | Co-head | STANLIB Fixed Income | media@stanlib.com | www.stanlib.com |
South Africa’s economic history since 1994 when the country first asked global...
Radical economic transformation political – Rhetoric?
Talk of radical economic transformation, a concept that has dominated public discourse in recent months, is an outcome of government policy failures, which have left the majority black population on the margins of the mainstream economy, speakers argued during a panel discussion organised by the University of Cape Town Graduate School of Business (GSB) on Wednesday 19 April.
Downgrade – SME’s to stand firm
Small business representative organisation AHI says the news that the rating agency, Fitch, has downgraded South Africa's credit rating to sub-investment grade will lead to catastrophically lower economic growth, with some estimating billions of Rands in outflows and a doubling of our current account deficit.
S&P ratings downgrade unscheduled!
On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+.
A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.
