Weak growth, rising debt could trigger deeper downgrades – SARB

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 on Friday, 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.