SA ratings not ‘immediately affected’ by Budget: S&P
25 February 2016 - 16:19
Standard & Poor's Ratings Services (S&P) said on Thursday that its ratings on South Africa were not immediately affected by Wednesday’s Budget.It said the National Treasury’s budget projections were broadly consistent with S&P’s base-case assumptions of planned fiscal consolidation‚ albeit against a sharp downward revision of GDP growth in 2016.
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