Will Moody’s downgrade South Africa’s government issuer rating to B or below before 1 April 2016? (update)

No change in my forecast but it’s worth noting that South Africa _does_ seem to be following through on its promises to do everything is can to prevent a significant downgrade from the ratings agencies[1]. When does it become safe to say that there’s a zero percent likelihood that Moody’s will drop South Africa a full 4 grades?

[1] http://www.reuters.com/article/safrica-budget-idUSL8N16331Z


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s