The cut to SA’s growth forecast by Moody’s Investors Service in the wake of the coronavirus is intensifying the pressure on SA to hold on to its last investment-grade credit rating.

Moody’s, the last credit ratings agency to hold SA debt at investment grade, lowered its growth forecast for SA for the second time in less than a month on Friday. The move came as it made cuts across the Group of 20 (G20) countries due to the disease’s continued global spread.  

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