S&P may downgrade SA by mid 2017- analyst

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Johannesburg – There’s a “strong chance” ratings agency Standard and Poor’s (S&P) may downgrade South Africa’s foreign rating to sub-investment grade by June 2017.

It is also possible that Fitch is likely to maintain their negative outlook, and there is a “high probability” that Moody’s could downgrade the rating by one notch from Baa2.

This is according to an economic outlook report for 2017, issued by Momentum Investments economist Sanisha Packirisamy.

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