S&P has downgraded South Africa’s credit rating outlook
By Zuko Komisa S&P has downgraded South Africa’s credit rating outlook. S&P Global Ratings has downgraded its outlook on South Africa to stable from positive, because of severe power cuts. According to Reuters, S&P confirmed South Africa's 'BB-/B' foreign currency sovereign credit ratings on Wednesday night, but it issued a warning that it might lower the rating if the government's ongoing measures to deal with the power crisis do not […]