SA safe from a Moody's downgrade - for now

[3WA]

SA is safe from a credit ratings downgrade by Moody’s Investors Service for the next 12 to 18 months, the firm’s lead sovereign analyst for the country, Lucie Villa, told investors on Tuesday.

...

It would be highly unusual for the agency to move from a stable outlook to a ratings change in either direction before first signalling a change in the outlook, Villa said.

To avoid a negative rating action down the line, SA’s debt ratios would need to move in the right direction and the government would have to continue to show improvement in the implementation of policies favourable to growth.

SA safe from a Moody’s downgrade — for now

Agency to issue a report after the tabling of medium-term budget policy statement in October

www.businesslive.co.za

 

[3WA]

She says it would be unusual to go from a stable outlook directly to downgrade. The headline maybe implies more certainty than her actual statement. Nonetheless, good to hear.

 

[lowriderza]

That's good news. I could do with a year of normal economic downturn before the eventual crash.

 

[NarrowBandFtw]

good to know that Moody's received their regular bribe from our government to keep the wool over everyone's eyes a bit longer

 

[Jet-Fighter7700]

good to know that Moody's received their regular bribe from our government to keep the wool over everyone's eyes a bit longer

so how many BMW's did we bribe moodys officials with?