,

Credit Ratings Per South African Presidents From Nelson Mandela To Jacob Zuma


South Africa recently dodged junk status when ratings agency S&P Global held the country’s credit rating at BBB-.

Ratings agency Fitch also recently affirmed SA’s investment grade, keeping its outlook stable – but warned that political and growth concerns should be addressed.

Analysts and economists expected this, but said South Africa needs to do a lot of work to avoid a ratings cut at the end of 2016.

According to S&P, low GDP is putting the country’s economy at risk – which is putting strain on businesses and the government.

Rising political tensions were also sighted as accentuating vulnerabilities in the country’s profile.

ALSO READ  NUM Officially Backs Cyril Ramaphosa To Succeed Zuma As ANC President

A cut to below investment grade would push up South Africa’s borrowing costs, making it harder to plug a budget deficit projected at 3.2% of GDP in the 2016/17 financial year, reported BusinessTech.

Credit ratings per South African president

The graphic below shows how South Africa’s credit ratings have changed under the country’s political leaders since 1994.

Fitch, S&P, and Moody’s ratings were used, measured over the terms of South Africa’s presidents – from Nelson Mandela to Jacob Zuma.

South Africa credit rating vs president

 

Source: Business Tech

Loading...

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…