Sat, 2020-04-04 03:42
LONDON: Being stripped of one’s investment grade credit rating is a chastening moment for any government, but the crushing economic impact of the coronavirus, and for some the oil market crash, are putting at least half a dozen countries at risk.
South Africa, long a likely victim, was demoted to “junk” by Moody’s on Friday, and now that the virus has tipped it over the edge, the focus is on who might be next.
There is no shortage of candidates.
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