- Home
- >
- Daily Accents
- >
- South Africa’s rating lowered to “negative outlook” by Moody’s
South Africa's rating lowered to "negative outlook" by Moody's
Rating:
Loading...The credit rating of South Africa was reduced to negative by Moody's Investors Service, which said the country faces a "prolonged" period of sluggish growth and increasing political pressure
South African economy is stagnant, it is the largest on the continent after Nigeria, with shortages of electricity, lower global demand and falling metal prices stifling the country.
President Jacob Zuma shocked global investors after the appointment of two finance ministers for four days last week.
Randy has collapsed by 23% in 2015, after commodity prices collapsed and the country is facing the prospect of an increase in US interest rates this week, this is expected to accelerate capital flight from developing countries.
E.Dimitrov Yrtrader
Varchev Traders
RECCOMEND
WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
