Audioburst Search

S&P Downgrades South Africa Credit Rate

Automatic TRANSCRIPT

You're listening to the news at this time on Africa Business Radio. Smp Global Ratings has downgraded South Africa's credit regions further into Non Investments Grades Territory Saying Club in Nineteen religious precious will have significant adverse implications for. He's already ailing economy and for tax revenues as lowered its long-term foreign currency rating on South Africa to be be negative from BB and its long-term local currency rates into bb from bb positive. The Raiders Agency assigned stable outlook on both the firing and local currency ratings as MP said it's forecast South African economy to shrink by four point five percent this year compared with this November twenty two nine thousand estimates of one point six percent growth and that was the news at this time when Africa Business Radio you can continue to this knife or nine stomach www Africa business radio dot com of a mobile APP. Thank you for listening.

Coming up next