SA safe from a Moody’s downgrade — for now
Ratings agency gives the country an 18-month window for it to get its fiscal and growth numbers in order
SA is safe from a credit ratings downgrade by Moody’s Investors Service for the next 12 to 18 months, the firm’s lead sovereign analyst for the country, Lucie Villa, told investors on Tuesday.
SA’s sovereign debt has the lowest investment grade by Moody’s, at Baa3 with a stable outlook. Moody’s is the only one of the three major ratings agencies that has not assigned the country junk status.