The DA will write to Moody’s to request an explanation on the reasons why there was no communication on South Africa’s credit rating.
The Democratic Alliance has expressed concern at the decision by Moody’s ratings agency on Friday not to make any sort of announcement regarding South Africa’s sovereign credit outlook.
Moody’s has not even given any explanation of why it has not given an update. At the very least there should have been a statement, supported by research, why the rating was to remain unchanged at Baa3 neutral.
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