The affirmation of the current credit ratings by the global agency belies the cautious tone of its analysis and is a reminder of the reason the country is pegged at three notches into junk status, writes ClaireBisseker.
Released on Friday, the report gives credit where it is due, acknowledging the positive effect of the commodity boom on South Africa’s fiscal position, the country’s flexible currency and deep capital markets as well as the potential for reforms to lift its growth rate.
But the ratings agency refuses to buy the government’s line on debt stabilisation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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S&P is not swallowing the Kool-Aid on South AfricaThe affirmation of the current credit ratings by the global agency belies the cautious tone of its analysis and is a reminder of the reason the country is pegged at three notches into junk status.
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S&P is not swallowing the Kool-Aid on South AfricaThe affirmation of the current credit ratings by the global agency belies the cautious tone of its analysis and is a reminder of the reason the country is pegged at three notches into junk status.
Read more »
S&P is not swallowing the Kool-Aid on South AfricaIn its latest review, S&P has affirmed SA’s credit ratings, forecasting slow growth with some reform. But it has refused to buy the government’s line on debt stabilisation, writes ClaireBisseker.
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