Global: Economic pressure threatens subregion

Negative developments in the global economy could exert pressure on Sub-Saharan Africa (SSA) sovereigns over the coming months, Standard & Poor’s Ratings Services said. This is although SSA economies have been expanding since the global economic downturn of 2008-09, S&P’s said in a new report ‘Renewed External Pressures Could Cloud Sub-Saharan Africa Sovereign Ratings Outlook’. For the region as a whole, a drop in global risk appetite could also erode the confidence that foreign investors have shown in SSA markets since 2009.