04 Apr 2017
A post downgrade – has the sell-off stabilised?
By Janice Roberts
By Mokgatla Madisha, head of Fixed Interest at Sanlam Investment Management. The downgrade by Standard & Poor’s (S&P) of SA’s local-currency debt to one notch above junk (BBB-) and its minority foreign-currency debt to junk status (BB) has long been anticipated by markets, and was largely priced in by the time of the announcement on...
