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South Africa: Moody's Upgrades South Africa's Credit Outlook to Stable
SAnews.gov.za, 4 April 2022
Government has noted and welcomed Moody's decision to affirm South Africa's long term foreign and local currency debt ratings at 'Ba2' and revise the outlook to stable from… Read more »
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South Africa: National Treasury On the Rating Action of Moody's Investors Service
Govt of SA, 1 April 2022
Government's response to the rating action of Moody's Investors Service (Moody's) Read more »
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South Africa: Moody's Downgrades Transnet After Qualified Audit Opinion
Daily Maverick, 7 November 2021
An eleventh-hour marathon discussion among Transnet, the Treasury and the Auditor-General only delayed the inevitable: A qualified audit opinion which places the state-owned… Read more »
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South Africa: Cash Squeeze - Moody's Downgrades Credit of Five South African Municipalities
Daily Maverick, 19 July 2021
Ratings firm Moody's last Friday downgraded the credit of five South African regional and local government authorities. It warned there was an increasing likelihood the councils… Read more »
Rating Agency Upgrades South Africa's Credit Outlook to Stable
The South African government has welcomed rating agency Moody's decision to affirm South Africa's long term foreign and local currency debt ratings, revising the outlook from negative to stable.
According to Moody's, the key driver behind the decision, is the improved fiscal outlook that raises the likelihood of government's debt burden stabilising over the medium term.
The decision comes several months after the unemployment rate in the country reached at all-time high at 34.9%. The Covid-19 pandemic was also cited as a factor surrounding rising job losses.
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