sp rating agency downgrades safrica to junk status
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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S&P rating agency downgrades S.Africa to junk status

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Arab Today, arab today S&P rating agency downgrades S.Africa to junk status

Johannesburg
Johannesburg - Arab Today

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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