Moody’s positive take on SA may fizzle out if commodities boom ends, say experts
Ratings agency changes the outlook on debt from negative to stable, but SA remains deep in junk territory
01 April 2022 - 23:51
UPDATED 04 April 2022 - 05:09
Though SA got good news on Friday as one of the big ratings agencies gave a more positive outlook on the country, experts warn that drivers such as higher commodity prices are likely to be short lived.
Moody’s Investors Service changed the outlook on SA’s debt from negative to stable, citing an improvement in the country’s fiscal position as the government stuck to its debt consolidation plans and SA benefited from higher commodity prices...
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