SA still rated at investment grade in Moody’s book

Ratings agency Moody’s has kept South Africa at its current rating of BAA3, a level up from sub-investment grade, in good news for the country following speculation that a downgrade may be imminent following our recent energy woes.

Moody’s positive outlook regarding SA’s financial situation is the result of what it describes as a diversified economy, solid macro-economic policy framework and large amount of domestic investors.This follows the agency’s decision not to make an announcement on SA’s sovereign rating this past Friday.

It’s not all good news for South Africa, however, with the agency noting SA’s energy crisis and expressing the view that government’s plans to save Eskom may prove “insufficient to address the company’s long-standing financial troubles”. This recent pronouncement by Moody’s was a credit opinion rather than a ratings review and our credit profile remains unaltered.

Moody’s is known for being the kindest ratings agency towards SA, being the only one who still considers the country to be at investment grade.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Moody's says SA still rated investment gradeMoody's 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.
Источник: ewnupdates - 🏆 30. / 53 Прочитайте больше »

SA investment grade rating on the line with Moody’s reviewThe best outcome would be for the rating to remain unchanged at Baa3 after Friday's review.
Источник: TheCitizen_News - 🏆 6. / 75 Прочитайте больше »