SA Downgrade

Why S&P downgraded SA ahead of schedule

S&P Global’s decision to downgrade South Africa further into junk status, following concerns of what Covid-19 would do it the country’s growth and debt profile as been met with disappointment from government. National Treasury said it not happy that the downgrade has come when South Africa is facing one of its most challenging times. Ravi Bhatia, Director Sovereign & IPF Ratings at S&P Global Ratings joins CNBC Africa for more.

Rand hits record low, goes over 19 to dollar as Fitch downgrades SA further into junk status

Last Friday Moody’s, the last rating agency to rate South Africa investment grade, cut South Africa’s sovereign credit rating to junk in line with economists’ forecast. Today Fitch further downgraded the country sending the rand plunging over 19 rand to the dollar. Below it gives its reasons...

South Africa looks to structural reforms as it loses its last investment-grade credit rating

By: Elliot Smith KEY POINTS South Africa now has no investment-grade sovereign credit rating...

Government’s response to Moody’s downgrade of SA to junk status

Covid-19 and South Africa's downgrade to junk will truly test South African financial markets.

Moody’s downgrades SA to junk

The action will result in South Africa's expulsion from the World Government Bond Index (WGBI), as a consequence those funds tracking this index as a benchmark will become forced sellers.

Moody’s maintains South Africa’s rating at investment grade

Moody's is the last of the big three ratings agencies to have South Africa in investment grade.

Moody’s decides: Has a downgrade to junk already been priced in?

Moody’s is the only rating agency that has not downgraded South Africa to sub-investment grade, will this change?

Fitch Ratings keeps South Africa at junk status

South Africa's ratings are weighed down by low growth potential, sizeable government debt and contingent liabilities and the risk of rising social tensions due to extremely high inequality.

S&P raises growth outlook for South Africa

New leadership and ensuing policy announcements have boosted local and foreign investor confidence in South Africa, but structural challenges remain, warns S&P.

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