Rating downgrade risks triggering a series of economic setbacks for South Africa

3 April 2017 – The IRR says the decision this evening by S&P Global Ratings to cut South Africa’s long term foreign currency sovereign credit rating to speculative grade or ‘junk status’ risks triggering a series of economic setbacks that will affect the living standards of all South Africans directly.

application/pdf IRR Press Release – Rating downgrade risks triggering a series of economic setbacks for South Africa – 3 April 2017.pdf — 255 KB

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