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Dennis Dykes: Ratings firms not unreasonable about SA

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Cape Town - Credit ratings agencies, such as Fitch, Standard & Poor’s (S&P) and Moody’s, are not unreasonable in the expectations they set for South Africa, said Dennis Dykes, Nedbank Group chief economist.

Dykes was a member of a panel discussion on business and the economy at an event hosted by the Western Cape Business Opportunities Forum (Wecbof) in Cape Town, on Wednesday night. His utterances with respect to ratings agencies were in reaction to a comment from Dr Cas Coovadia, MD of the Banking Association of South Africa who, during his keynote address, said South Africa shouldn’t be so fixated on ratings reviews.

READ: Stop fretting about ratings agencies, Coovadia urges SA

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