Moody's warns of downgrade unless Ramaphosa makes good on reform promises
16 May 2019 - 00:07
Just a week after the ANC's victory in the election, credit rating agency Moody's Investors Service said it expects the government to move forward with policies that tackle SA's credit challenges. "With the election over, we expect SA's new government, when formed, will put forward policies to continue tackling the country's main credit challenges — low growth, steadily rising debt, leveraged state-owned enterprises and weakened institutions," Moody's lead sovereign analyst Lucie Villa said in a report released on Wednesday evening.
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