Downgrade warning for South Africa

[3WA]

This is like your ex telling you that they’re dumping you again.

 

[Crayons]

How low can you go?

 

[RedViking]

Good for my dollars

 

[DreamKing]

still can be downgraded????


.

I was shocked. TM

 

[RedViking]

Bad for the little ones as their mommy already struggle on her small salary

 

[pinball wizard]

Can still go further down. Junk meant no pension funds or other low risk stuff, going to highly speculative would mean a lot of higher risk stuff is also forbidden from investing and must immediately withdraw their funds.

There's a list of what countries are at what, South Africa hitting highly speculative would have a large knock again, the junk status one was basically priced in already, not sure highly speculative is, will have to see.

That makes it clear the whole thing is made up, as in the real world, SA is actually at Caa3/CCC-/CC

 

[mojoman]

Competitions.... SA style...
How much lower can we go???!!