SA’s credit rating still in peril from structurally weak growth, Moody’s says
Moody's Investors Service has SA two notches into junk status with a negative outlook, and Covid-19 is still expected to weigh on growth in 2021
Should SA’s economic growth remain weak, the country is at risk of a further downgrade, Moody’s Investors Service has warned.
The ratings agency, which has SA at Ba2 — or two notches into junk status — with a negative outlook, said in its annual report on Tuesday that SA still faced the problems of very weak growth structurally and a high government debt burden...
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.