What the rating agencies are likely to look for in the 2018 Budget Review
19 February 2018 | Economy | Budget 2018 | PwC
Some of the reasons for the most recent sovereign credit rating downgrades include governance challenges in State-Owned Enterprises (SOEs) and their deteriorating liquidity levels. In the upcoming Budget review, the Finance Minister must navigate an intrinsic balancing act between bailing out SOEs and dealing with credit rating agencies threatening more rating downgrades.
Please see below PwC economists' view on what Moody’s, S&P and Fitch are most likely look for in the 2018 Fiscal Budget.
