WATCH: Why ratings agencies are doubtful about spending cuts

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WATCH: Why ratings agencies are doubtful about spending cuts
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S&P Global sovereign ratings director Ravi Bhatia talks to Business Day TV about where the economy is headed

Moody’s, Fitch and S&P Global are singing from the same hymn sheet — all three ratings agencies are doubtful about finance minister Tito Mboweni’s debt stabilisation plan.

S&P Global is the latest to add its voice to the growing concern, but is also the only ratings agency that has a stable outlook on the economy.

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