Moody’s bemoans SA’s ‘increasingly’ constrained finances amid slow progress on reforms
The ratings agency, which has SA one level below investment grade with a negative outlook, does not anticipate an upgrade in the near future
10 July 2020 - 13:10
Moody’s Investors Service says SA’s rating is “increasingly constrained” by its worsening fiscal position and weak economy.
The ratings company, which, in March, became the last of the top three to move SA into non-investment grade, gave a generally gloomy assessment of the country’s prospects. It has SA one level below investment grade with a negative outlook, meaning the next move is more likely to be down than up...
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.