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SA's negative outlook sign of junk downgrade to follow - S&P

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Johannesburg – More credit downgrades by Standard and Poor’s (S&P) are likely in 2017, and South Africa is in the firing line.

According to analysts, S&P is likely to downgrade South Africa’s sovereign credit rating to junk status by mid-2017.

In its last update at the end of 2016, S&P kept South Africa’s sovereign credit rating one notch above junk at BBB- with a negative outlook.

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