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S and P

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Preston
Super Contributor
No downgrade
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16 REPLIES 16
The_Trader
Frequent Contributor
Rand rallying to R15.06 against the greenback. Anybody want to predict how soon we'll see R14.20 again?
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Bchip
Frequent Contributor
They were waiting to see the budgets (in Aug or Oct?)
December is another review.
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SimonPB
Valued Contributor
SP back again in dec, Fitch is expected on Wednesday after close
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THRESHOLD
Super Contributor
This Wednesday? - I didn't know it was that soon...
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SimonPB
Valued Contributor
yip, they haven't said date but this Wed is expectation ..
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Rams
Super Contributor
yes, 8 June, acccording to a journalist who was given that date by the Guptas.
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Preston
Super Contributor
that is funny ,Rams
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The_Trader
Frequent Contributor
Read a column in Business day written by Hilary Joffe. Where she said S&P tends to be more hawkish of the 3 ratings agencies. Does this mean they tend to change their rating much quicker of the three?
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Rams
Super Contributor
Fitch tends to align with SP
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AP
Regular Contributor
Would be really hard for Fitch to justify anything opposite decision than those of the other rating agencies...They will probably just confirm what the others said, but just in slightly different words.
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The_Trader
Frequent Contributor
Then we agree not to expect any shenanigans from them, which will lead to more rand strength.
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Rams
Super Contributor
just remember poor job reports from US, so no FED rate hike: then its all about the dollar rather than the ZAR. Toxic...
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The_Trader
Frequent Contributor
Thanx Rams. Will keep in mind. Sounds like factors more bullish for the rand
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The_Trader
Frequent Contributor
Fitch leaves credit rating at BBB-
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Rams
Super Contributor
The rand is ok for now, Brexit, FED rate , US elections are dollar concerns. I have given up on speculating...
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The_Trader
Frequent Contributor
Yes and with the volatile politics in SA you'll be guessing all the way.
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