South Africa downgrade – intense political instability weighs on economic performance and policy.

South Africa’s slide into sub-investment grade territory by S&P reaffirms the need for continuous monitoring of the sovereign credit metrics. Rating pressures persist as Moody’s put the country on negative watch, signalling the risk of another downgrade.

We believe that recent events in South Africa highlight the importance of considering a country’s economic fundamentals in a fixed income portfolio.

Click here to read the full story

For professional investor use only.
This document is issued by Lombard Odier Asset Management (Europe) Limited, authorised and regulated by the Financial Conduct Authority (the “FCA”), and entered on the FCA register with registration number 515393
Lombard Odier Investment Managers (“LOIM”) is a trade name.

Read more