Junk Rating for South Africa Might Be Hours Away and Last Years

S&P Global Ratings scheduled to release review on Friday
Fitch changed outlook on assessment to negative last week

1480631781_Johannesburg-South-Africa — Photographer: Shiraaz Mohamed/Anadolu Agency via Getty Images

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By Arabile Gumede

December 1, 2016 at 5:00 PM EST

Updated on

December 2, 2016 at 1:18 AM EST

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South Africa might be just hours away from losing its investment grade at S&P Global Ratings -- a relegation that could take years to undo.

QuickTake South Africa

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Before it’s here, it’s on the Bloomberg Terminal