
Bumpy ride for South African investors
The Brics sovereign is still worrying the risk experts – and its downgrades seem likely to continue.
23 Apr 2015
The Brics sovereign is still worrying the risk experts – and its downgrades seem likely to continue.
Emerging markets (EMs) with fiscal and external imbalances, vulnerable to capital outflows – including oil and other commodity producers struggling to balance their budgets – are among the 72 sovereigns downgraded since the end of 2014 by more than 440 economists and other country-risk experts.