SA waits for Moody’s credit decision
The agency, which has been kinder to the country than S&P and Fitch, is expected to keep the rating one notch above junk
09 June 2017 - 14:49
Moody’s is expected to release its mid-year review of SA’s sovereign credit rating by about 10pm on Friday night. Moody’s has been kinder to SA than S&P Global Ratings and Fitch Ratings, holding the country’s sovereign credit rating at Baa2 since November 2014. S&P and Fitch cut SA to junk status of BB+ a few days after President Jacob Zuma’s March 30 Cabinet reshuffle. In the nomenclature used by S&P and Fitch, Baa2 equates to BBB, which is two notches above junk.
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