S&P rating agency downgrades S.Africa to junk status
Johannesburg
Johannesburg - Arab Today
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Credit rating agency Standard and Poors downgraded South Africa's credit rating to junk status on Monday, S&P confirmed to AFP, as the rand currency continued to slide following a controversial cabinet reshuffle. "The executive changes initiated by President Zuma have put at risk fiscal and growth outcomes," S&P said in an emailed statement. |
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