Moody’s Investors Service on Friday night downgraded SA to junk status.
The move was expected in the face of SA’s poor GDP growth performance and fragile fiscal position, even before the onset of the pandemic.
Moody’s dropped SA’s rating to Ba1, with the outlook remaining negative, bringing it in line with the subinvestment grade ratings from peer agencies, Fitch and S&P Global.
For the full story, visit BusinessLIVE.
Moody’s downgrades SA to junk
Moody’s Investors Service on Friday night downgraded SA to junk status.
The move was expected in the face of SA’s poor GDP growth performance and fragile fiscal position, even before the onset of the pandemic.
Moody’s dropped SA’s rating to Ba1, with the outlook remaining negative, bringing it in line with the subinvestment grade ratings from peer agencies, Fitch and S&P Global.
For the full story, visit BusinessLIVE.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Latest Videos
Most Read
News
News
News
News
News