'Evidence points towards a downgrade'

Friday, 11 November 2016, 09:20
Share
'Evidence points towards a downgrade'
Generic image
BUSINESS NEWS - The evidence is tipping towards a downgrade for SA by rating agencies — but the probability is finely balanced in SA’s favour, Barclays Africa CEO Maria Ramos has said.

"There is a bit of a struggle between the evidence and the emotion at the moment — and the evidence doesn’t always support the emotion, the evidence is probably more poised towards a downgrade," she told the South African Portuguese Chamber of Commerce in Johannesburg on Thursday.

Ramos was responding to questions from the audience on whether the country will be downgraded when rating agencies review its investment-grade rating from the end of this month and into December.
 

Read more about: maria ramos CEO barclays bank south africa

Back to Top

More Group Editors Publications & Online Platforms

PapersImages
PapersImages
PapersImages
PapersImages
PapersImages
Press Council Fair Logo

Mossel Bay Advertiser proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 0114843612.

Disclaimers | Contact Us

Copyright 2025 Group Editors Company (Pty) Ltd, Registration Number 1963/002133/07 t/a Mossel Bay Advertiser