Moody's warns of global downgrade

File: Moody's has cut its global sovereign outlook to negative from stable for the coming year.

File: Moody's has cut its global sovereign outlook to negative from stable for the coming year.

AFP/Emmanuel Dunand

JOHANNESBURG - Ratings agency Moody's is warning the whole world of a debt downgrade.

It comes as broad international political uncertainty threatens the global economy.

Moody's has cut its global sovereign outlook to negative from stable for the coming year.

READ: Moody's: SA escapes junk status, outlook changed to negative

It highlights the slowdown in growth has worsened due to increasing populism and trade tensions.

The agency has also singled out Britain, Hong Kong, Argentina and South Africa as countries that need continued monitoring amid the geopolitical developments.

Source
eNCA