Mboweni to brief media on rating agencies’ recent announcements - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 9/04/2020 6:52 PM

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Minister of Finance, Tito Mboweni and the National Treasury will brief the media on the recent announcements by Moody’s and Fitch to downgrade South Africa’s sovereign credit ratings. Fitch Moodys via SABCNews

Tito Mboweni has acknowledged that non-investment grade ratings have undesirable implications for the whole economy.

Last Friday, Fitch downgraded South African ‘s debt further into junk territory adding to its misery, a week after Moody’s removed its investment-grade credit assessment. Mboweni has acknowledged that non-investment grade ratings have undesirable implications for the whole economy.

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Tito,,,,WITHOUT THE KNOWLEDGE OF THE SOLUTION THAT THE CITIZENS, THE PRESIDENT,AND THE WORLD PRAYED FOR,,awe Bossa_piet_say_this,,

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