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10 things to know about SA ratings D-Day

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Cape Town – Ratings agency Standard & Poor’s (S&P) will on Friday afternoon announce whether South Africa has been downgraded to junk status, or whether it will live to fight another day.

Both S&P and Fitch rate SA’s foreign currency government debt at the lowest rung of investment grade (BBB-), while Moody’s recently affirmed SA’s sovereign rating at one notch higher within investment grade (Baa2).

These are the 10 things you should know about Friday’s ratings D-Day, as highlighted by Herman van Papendorp, head of investment research and asset allocation at MMI Investments and Savings:

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