JOHANNESBURG - Moody's says it expects economic growth to pick up modestly this year to 1.3% and is keeping its rating at BAA3, one level above sub-investment grade.It now says the current rating off BAA3 is supported by a diversified economy, a sound macro-economic policy framework and a deep pool of domestic investors.
This is good news for government, which has been battling to convince ratings agencies that there is economic change.
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Moody's to announce SA's credit rating - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Moody's Investor Services is expected to announce South Africa's credit rating on Friday evening. Lets hope this Moody is in a good mood.
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