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South Africa Junk Rating a Matter of Time as Economy Falters
Johannesburg, South Africa, Capital Markets in Africa — It appears to be just a matter of time before South Africa’s credit rating is cut to junk. S&P Global Ratings will lower the nation’s rating to non-investment grade by the end of this year, according to 12 of 13 economists and analysts surveyedby Bloomberg. Four see the downgrade to BB+, which will put South Africa on par with Turkey and Indonesia, coming as early as next month. All 13 analysts…
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