Arthur Kamp, Investment Economist, Sanlam Investments
Many commentators expected Standard and Poor’s Global Ratings (S&P) to affirm South Africa’s long term foreign and local currency bond ratings at BBB- and BBB+ respectively on Friday, 3 June 2016. But, the more critical point is S&P maintained its negative outlook, implying it still expects to downgrade South Africa’s credit rating if prevailing trends persist. (more…)
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