SA safe from a Moody's downgrade - for now

3WA

Honorary Master
Joined
Sep 25, 2012
Messages
12,509
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.



 

3WA

Honorary Master
Joined
Sep 25, 2012
Messages
12,509
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

Expert Member
Joined
May 23, 2019
Messages
1,763
That's good news. I could do with a year of normal economic downturn before the eventual crash.
 
  • Like
Reactions: 3WA
Top