Downgraded
Nov. 7th, 2014 11:53 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nairiporterMoody's downgrades SA and Fitch could follow suit
http://mg.co.za/article/2014-11-07-moodys-downgrades-sa-and-fitch-could-follow-suit
South Africa’s credit rating may be cut to just above junk by Fitch Ratings next month after Moody’s Investors Service lowered it on Thursday, risking higher borrowing costs, Nomura International said.
Moody’s cited slower growth and rising debt levels as it reduced the nation’s rating one step to Baa2, the second-lowest investment grade. That leaves Moody’s in line with Fitch and one notch above Standard & Poor’s (S&P). Fitch, which reviews the country’s rating in December, has a negative outlook.
http://mg.co.za/article/2014-11-07-moodys-downgrades-sa-and-fitch-could-follow-suit
South Africa’s credit rating may be cut to just above junk by Fitch Ratings next month after Moody’s Investors Service lowered it on Thursday, risking higher borrowing costs, Nomura International said.
Moody’s cited slower growth and rising debt levels as it reduced the nation’s rating one step to Baa2, the second-lowest investment grade. That leaves Moody’s in line with Fitch and one notch above Standard & Poor’s (S&P). Fitch, which reviews the country’s rating in December, has a negative outlook.
