Lenders ready for bargains as SA junking looms

South AFrica for GC
By Mariam Meskin, Ross Lancaster
23 Oct 2019

South Africa is poised to lose its final investment grade rating when Moody's conducts a review of its score a week from Friday. That has the potential to throw South African borrowers' funding plans into chaos following a year of of healthy, tightly priced issuance. Mariam Meskin and Ross Lancaster report.

It is a threat that has loomed over the country all year.

There were reports last month that senior Moody’s analysts were hinting at the unlikelihood of a downgrade. But a fresh wave of power blackouts in recent weeks coupled with the approval of another government bailout bill for ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.