04 Apr 2017
SAIA adds its voice to concerns on S&P ratings downgrade
By Janice Roberts
The South African Insurance Association (SAIA) , the representative body for the short-term insurance industry says yesterday’s foreign-currency rating downgrade to BB+, the first level of sub- investment grade by Standard & Poor Global Ratings is of grave concern, as it has immediate, far-reaching and long-term negative implications for the economy and the society at...