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.

📆 09/04/2020 10:52:00
📰 SABC News Online

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

Write Comment

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

What time?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa business confidence slumps to 7-month lowSA business confidence slumped to a seven-month low in March even before the full impact of the coronavirus was transmitted through the economy. busrep Day13ofLockdown busrep
Source: IOL - 🏆 46. / 51 Read more »