摘要
The global rating agencies have seemingly run out of patience, downgrading South Africa to what is colloquially known as ＂junk＂ status. More specifically, Standards and Poor＇s （S＆P） recently lowered South Africa＇s long-term foreign currency credit rating to BB＋ from BBB- and the local currency rating to BBBfrom BBB. S＆P also lowered the short-term foreign currency rating to B from A-3 and the short-term local currency rating to A-3 from A-2. A few days later,
The global rating agencies have seemingly run out of patience, downgrading South Africa to what is colloquially known as ＂junk＂ status. More specifically, Standards and Poor＇s （S＆P） recently lowered South Africa＇s long-term foreign currency credit rating to BB＋ from BBB- and the local currency rating to BBBfrom BBB. S＆P also lowered the short-term foreign currency rating to B from A-3 and the short-term local currency rating to A-3 from A-2. A few days later,
