Moody's expected to review SA credit rating - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 29/03/2019 13:57:00
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Moody’s expected to review SA credit rating Moody’s is on Friday expected to review South Africa’s credit rating, taking into account the growth prospects of the economy.

Moody's is the only credit ratings agency who hasn't yet downgraded South Africa's credit rating to sub-investment grade, or junk status., taking into account the growth prospects of the economy.

Moody’s has forecast economic growth of 1.3% for this year and 1.5% for 2020, lower than the Treasury’s growth projection of 1.5 and 1.7%. Moody’s is the only credit ratings agency who hasn’t yet downgraded South Africa’s credit rating to sub-investment grade, or junk status.A Reuters poll of economists expects Moody’s to cut South Africa’s credit outlook to negative from stable but keep the credit rating one notch above sub-investment grade.

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