Optima Brokers

Specialist Financial Planning

Ratings Downgrades and our Equity Positioning

Apr 06, 2017

If the cap fits, wear it – actions come with consequences

Even though President Zuma’s cabinet reshuffle last week effectively made rating downgrades far more of a certainty in our minds, it still came as a surprise when S&P downgraded South Africa’s foreign credit rating by one notch last night to “junk status” (BB+), ahead of their scheduled June review.

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