April’s unscheduled downgrade was precipitated by the effect of the Covid-19 crisis on the economy and SA’s worsening fiscal profileS&P Global affirmed SA’s rating on Friday, maintaining a stable outlook that came with the country's most recent downgrade.
The decision, at its scheduled review, follows the move in April to send SA deeper into junk territory, when it cut the country’s foreign and local currency credit ratings to BB- and BB respectively. April’s downgrade was a deviation from S&P's regulated calendar and was was precipitated by the effect of the Covid-19 crisis on the economy and SA’s worsening fiscal profile.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: eNCA - 🏆 49. / 51 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
SANZAAR, Six Nations in talks over global rugby calendarSouthern hemsiphere rugby body SANZAAR and the Six Nations have entered a consultation process aimed at creating an aligned global rugby calendar 'in total transparency with unions, clubs and players', a joint statement said on Friday.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Sundowns coach Mosimane on local‚ global offers: ‘Stay where you are loved’Mamelodi Sundowns coach Pitso Mosimane rejected local and international offers during negotiations for his contract renewal with club president Patrice Motsepe over the past few months. Pitso won't finish his term at Sundowns we can have a bet on this one 🤞
Source: TimesLIVE - 🏆 28. / 59 Read more »
Global markets fall amid simmering US-China tensionEquities slip as traders worry about long-term effect of the new coronavirus, but oil rises to two-and-a-half month high
Source: BDliveSA - 🏆 12. / 63 Read more »
SA govt notes S&P Global's decision to maintain current sovereign debt ratingsThe South African government has 'noted' international ratings agency S&P Global’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at 'BB-' and 'BB' respectively and maintain a stable outlook, the National Treasury said on Saturday.
Source: IOL - 🏆 46. / 51 Read more »