THE UGLY

Finweek English Edition - - IN BRIEF -

Rat­ings agency Fitch warns that the risk of a fur­ther down­grade to SA’s credit rat­ing is in­creas­ing. Another down­grade from Fitch, which cur­rently rates the coun­try as BBB with a neg­a­tive out­look, would give SA’s debt junk sta­tus. This would not only lead to higher debt ser­vice costs on gov­ern­ment debt, but would also have a knock-on ef­fect on the cost of ser­vic­ing (and rais­ing) debt for paras­tatals such as Eskom.

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