Moody's maintains SA's investment grade via SABCNewsOnline
says South Africa’s sovereign credit rating is still in investment grade, several days after it delayed a review of the country’s credit worthiness.
Moody’s is the last of the big three ratings agencies to give South Africa an investment-grade rating. It said in a research note that the country’s credit rating was still at Baa3 with a stable outlook, despite lower economic growth.Economists say the decision by rating agency Moody’s to maintain the country’s investment grade has brought more certainty in the local economy.“It affirms for now definitively that there is not going to be a change in the outlook which in turn means that it will be at least another year before a there’s any change of a downgrade.
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