12 Reasons Why South Africa Will Avoid A Ratings Downgrade In December
Despite all of the issues plaguing South Africa at the moment, the smart money seems to be on the country managing to avoid a ratings downgrade in 2016.
After surviving the potential downgrade of the country’s investment grade credit rating in June this year, the ratings agencies are set to pronounce judgement on South Africa once again in the coming months, and there is a risk that the country could be downgraded to below junk status.
This would have far-reaching consequences for the economy of South Africa, and would be a disaster to one of the powerhouses of the African continent. Despite the fears, many believe that South Africa’s case does not warrant a downgrade, at least not at this stage.
Here are 12 reasons why South Africa will avoid a ratings downgrade this December.