Moody’s backs Cyril Ramaphosa, but clock is ticking
The ratings agency awaits planned reforms
Moody’s Investors Service has given President Cyril Ramaphosa the benefit of the doubt but the clock is ticking for the implementation of his promised structural reforms if a later downgrade is to be avoided. The credit ratings agency did not release a scheduled report on SA’s sovereign credit rating on Friday. SA’s debt is rated at Baa3 by the agency, one notch above junk status, with a stable outlook. Moody’s has two scheduled review dates a year but is under no obligation to issue a report. If you are already a subscriber, please click on the following link to go to the full article: Ramaphosa gets Moody’s backing If you would like to subscribe to BusinessLIVE to read the full story, please click here.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.