Junk
In 2017, Standard and Poor's and Fitch, downgraded South Africa's Sovereign Investment Status to "Junk". "Junk" means that an investment is below investment grade. And this means that certain people cannot invest or lend to Junk Status people, companies or governments, and if they have invested, they need to withdraw their investments.
The third International Ratings Agency, Moodys, has kept South Africa just above Junk, giving the international investors lots of time to decide what to do if South Africa gets to Junk status, and also allowing international investments to continue.
But Moody's could reduce South Africa's sovereign investment rating to Junk, in November 2019, and the Citizens of South Africa should do everything in our power to prevent this.
The third International Ratings Agency, Moodys, has kept South Africa just above Junk, giving the international investors lots of time to decide what to do if South Africa gets to Junk status, and also allowing international investments to continue.
But Moody's could reduce South Africa's sovereign investment rating to Junk, in November 2019, and the Citizens of South Africa should do everything in our power to prevent this.
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