BREAKING: S&P downgrades SA to junk status

[Thor]

Junk status

South Africa downgraded to junk, outlook still negative
https://twitter.com/ErikThiart/status/848922963118346241

 

[biometrics]

Link?

 

[adsl2]

Link?

Also looking for one but the ZAR vs USD is not looking good: https://za.investing.com/currencies/usd-zar

 

[Hamster]

So wrong to wish for somebody's​death, but hey, I'm only human.

 

[Looney]

Junk status

This is the only thing I can currently find. I'm not sure how legit this is though.

Edit:

 

[Thor]

I'm the source now

 

[f2wohf]

May be downgraded in the coming days.

 

[f2wohf]

Though here https://www.businesslive.co.za/bd/e...eign-credit-rating-downgraded-to-junk-status/

 

[Mortymoose]

Heard on Cape Talk....

Earlier, the New Minister said he could not see us being downgraded to Junk due to one man...

Oh! Yeah! You liar!

 

[Genisys]

Any other sources ie. ENCA, EWN etc?

 

[Hamster]

I'm the source now

Fscking LOL!!!!!

 

[Mortymoose]

This is official...on Cape Talk right now...

Reckon the other ratings agencies will be weighing in by Friday!

 

[f2wohf]

EWN too, 2 minutes ago

 

[nicbst]

From S&P website. ****.

 

[Looney]

http://www.enca.com/south-africa/sp-downgrades-sa-to-junk-status

 

[f2wohf]

Expect black twitter to flood the medias with how unfair WMC is and that rating agencies are criminals...

 

[FoXtroT]

http://www.fin24.com/Economy/breaking-sp-downgrades-sa-to-junk-status-20170403

Cape Town – Ratings agency S&P has moved to downgrade South Africa to sub-investment grade on Monday to reflect its view that the divisions in the ANC-led government have led to changes in the executive leadership.

The decision follows a Cabinet reshuffle at midnight on Friday which claimed the jobs of Fianace Minister Pravin Gordhan and his deputy Mcebisis Jonas.

 

[Thor]

S&P have cut South Africa's credit rating to junk AND with a negative outlook. The decision was initially scheduled for 2 June. Big negative

 

[copacetic]

Zuma is such a ****ing ****.

 

[Looney]

http://m.ewn.co.za/2017/04/03/s-and-p-downgrades-sa-credit-rating-to-junk-status?bna=true