10 May Downgrade to Junk Status

CLIFFCENTRAL.COM  |  360 BIZ
Bulelani Balabala and Teboho Mafodi talk about the downgrade to junk status and what it means for a country. In December, the Standard and Poor rating kept the country’s sovereign credit rating at one notch above junk status, with a negative outlook, while Fitch adjusted its outlook to negative from stable - a notch above junk. They also discuss how they are affected as business people, and how are they influenced by this drop of the rating.
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