LETTER: Moody’s can’t be trusted
Why is the agency still giving SA positive outlooks when the other two ratings agencies downgraded us more than two and a half years ago?
11 September 2019 - 16:38
Lucie Villa of Moody’s Investors Services has done it again. She said on Tuesday that SA is safe from a credit rating downgrade for the next 12 to 18 months, with a positive outlook.
So now the government can lie back and relax, when SA’s debt is more than R3-trillion and growing, and our debt to GDP ratio is topping 60% and heading higher...
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