How long does it typically take for a country to return to an investment-grade after a ratings agency has downgraded it to “junk”?
The Money Show’s Bruce Whitfield interviewed KPMG Economist Christie Viljoen.
Viljoen looked at the ratings assigned by the largest rating agencies over the past three decades and found 15 countries that experienced a downgrade, but were again able to recover their investment-grade rating.
Scroll down for quotes from the audio below.
Some countries – with a lot of effort – recovered in two or three years.— Christie Viljoen, KPMG Economist
I think we’ll be spared this time around.— Christie Viljoen, KPMG Economist
I’m concerned about what’s going to happen in December.— Christie Viljoen, KPMG Economist
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