The effect of junk bond status is starting to hit home – as predicted. The expectation of further downgrades based on political uncertainty, low growth and a fast expanding deficit (escalating costs, dropping tax revenue) is making it more and more expensive to borrow.

Could this result in the government looking to other ways of securing revenues? Prescribed Assets?

https://www.fin24.com/Markets/Bonds/sas-debt-costs-leap-on-record-r33bn-sale-20171115