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The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
South Africa’s failure to stabilise the country’s fiscal situation could see its credit rating downgraded deep into junk territory, the central bank said yesterday, just hours before two rating agencies were due to announce their decisions.
Africa’s most industrialised economy is on the brink of losing its investment-grade ranking on local currency debt from Moody’s and S&P Global Ratings. Both rate it on their lowest investment grade rung of Baa3/BBB-minus.
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