A SECOND major rating agency has flagged the
effect of rising interest rates on South African consumers, saying the
hikes pose higher credit risks for banks.
Standard & Poor’s (S&P) on Thursday said top-tier banks would face credit losses of between 0.9% and 1.2% on their lending activities this year.
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| Standard & Poor’s primary credit analyst Matthew Pirnie. |
Standard & Poor’s (S&P) on Thursday said top-tier banks would face credit losses of between 0.9% and 1.2% on their lending activities this year.
