S&P Global Warns of Ratings Downgrade if South Africa Doesn’t Rebound (Business Report)

RATINGS agency S&P Global has warned that it could downgrade South Africa’s credit rating if the country’s economic prospects fail to recover in the medium term.

S&P said it would review its attitude towards South Africa if fiscal financing or external pressures mount.

S&P is the third major credit rating agency to remain unconvinced by Finance Minister Tito Mboweni’s Budget presented two weeks ago. READ MORE

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