(Ecofin Agency) – The rating agency Standard & amp; Poor’s (S & amp; P) announced on December 12, having maintained the sovereign rating of South Africa for the emissions of long and short-term foreign currency to “BBB- / A-3 ‘with a stable outlook. The rating for issuance in local currency was also maintained at “BBB + / A-2 ‘.
The agency said in a statement that the election of President Jacob Zuma for a second term of five years should ensure the political and institutional stability and a continuity of economic policies, which should help South Africa maintain relatively strong institutions and a market deep financial
S & amp;. P, however, noted that economic growth will remain weak despite a slight recovery expected in 2015, noting that levels current budget deficit and public debt remain high. “ We expect GDP growth of 1.4% in 2014, 2.5% in 2015 and 2.9% in 2016 and in 2017, through less frequent and shorter strikes, increasing consumer demand and to improve the supply of electricity , “she said
S & amp;. P was lowered in June, a notch sovereign rating of South Africa, to “BBB- / A-3″, just above junk status because of the long strike in platinum mines the weak domestic and foreign demand.
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16/06/2014 – Standard & amp; Poor’s lowered the sovereign rating of South Africa to ‘BBB -’
04/07/2014 – Africa South: Moody’s warns against the negative impact of the strike in the industry on the whole economy
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