A false sense of comfort has swept through political circles, and the financial circle to an extent, after Moody’s comment that there is a low probability of a credit rating downgrade over the next 18 months.

A credit rating downgrade was in fact never a high probability in 2019, but a change in outlook from stable to negative was. That has not changed; I believe Moody’s is likely to change the outlook to negative on November 1...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now