Moody's holds off on ratings announcement on SA's creditworthiness

3WA

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https://www.businesslive.co.za/bd/n...ratings-announcement-on-sas-creditworthiness/

Moody’s Investors Service surprised the market early on Saturday morning when it decided not to release a report on SA’s sovereign credit rating.
Although the credit rating agency was scheduled to make an announcement, it can delay releasing a report, and then make a move on an unspecified date, as it did in November 2018

Attard Montalto said the possibility of a post-elections [Moody’s] committee and assessment, however, is high, as could also be a change of analyst after elections. “We still believe that with a deficit that will not consolidate below 4% of GDP, will not reach primary balance, and with growth not above 2%, a downgrade is inevitable.”
“So overall we still see a cut out there, just way off beyond the forecast horizon for now without a major shift not just in view but way of forming a view, within Moody’s,” he concluded.
 

3WA

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Thanks Moody's. You guys got our backs.
 

NarrowBandFtw

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Expected that kind of response from you.
You prefer a world where our corrupt thieving government gets to run amok without consequence while they inflate away whatever savings people have?

WTF. Everyone should be happy
No, everyone should be outraged, international pressure is the ONLY hope we have left of turning this country around from the abyss, whenever any international body pretends things are fine down here that last glimmer of hope diminishes just a little more.

Shame, you must be so sad.
and so should you be, or don't you care about the future of our country?

So you are the Ra's al Ghul
Quite the opposite, see above.
 

vigras rojara

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You prefer a world where our corrupt thieving government gets to run amok without consequence while they inflate away whatever savings people have?


No, everyone should be outraged, international pressure is the ONLY hope we have left of turning this country around from the abyss, whenever any international body pretends things are fine down here that last glimmer of hope diminishes just a little more.


and so should you be, or don't you care about the future of our country?


Quite the opposite, see above.
Is your tantrum over yet? It's Saturday morning, lie in, make a cup of coffee and chill dude.
 

NarrowBandFtw

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Is your tantrum over yet? It's Saturday morning, lie in, make a cup of coffee and chill dude.
Sure, "tantrum", one who speaks sense this early in the morning must be throwing a tantrum, whereas the one who can't debate the facts would rather resort to patronizing to deflect.

The fact remains: without international pressure we are fahked, Moody's just gave the world yet another excuse not to get involved.
 

ToxicBunny

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Sure, "tantrum", one who speaks sense this early in the morning must be throwing a tantrum, whereas the one who can't debate the facts would rather resort to patronizing to deflect.

The fact remains: without international pressure we are fahked, Moody's just gave the world yet another excuse not to get involved.
So then moodys is the sum total of international pressure?
 

vigras rojara

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Sure, "tantrum", one who speaks sense this early in the morning must be throwing a tantrum, whereas the one who can't debate the facts would rather resort to patronizing to deflect.

The fact remains: without international pressure we are fahked, Moody's just gave the world yet another excuse not to get involved.
Calm down, you'll have a heart attack.
 

garp

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The sooner Moody’s downgrades us, the sooner the criminal cartel will run out of money.

It’s only a matter of time anyway based on the current trajectory. If we barely escape a downgrade now, then we will most likely be downgraded next time.
 

ToxicBunny

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The sooner Moody’s downgrades us, the sooner the criminal cartel will run out of money.

It’s only a matter of time anyway based on the current trajectory. If we barely escape a downgrade now, then we will most likely be downgraded next time.

The downgrade will not impact their money supply in the slightest... it will just make it more expensive for us as a country to borrow and many entities will remove investments from the country....
 

garp

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The downgrade will not impact their money supply in the slightest... it will just make it more expensive for us as a country to borrow and many entities will remove investments from the country....
Hmmm. Impaired ability to borrow, higher interest payments - in a country where we’re already borrowing just to make government payroll. How does that not have an impact?
 
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