Ecs2605 exam pack - Study guides, Study notes & Summaries

ECS2605 UPDATED EXAM PACK (Including May/ June 2020 - 2021 Memo) This is a complete and an all-inclusive guide to ECS2605 - South African Financial System A credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. (b) Why does South Africa’s recent sovereign credit rating downgrade imply higher funding costs for the government? (2) Clients need to know th...