Daily Maverick
Africa · 2 hrs ago
✦ 78◉ Centre
RATINGS REPRIEVE: Moody’s gives SA a ratings tailwind, but we’re still not out of junk territory
78Quality
0Ratings
0Comments
AI Analysis
Quality 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Moody's has revised South Africa's credit outlook positively for the first time since 2007, acknowledging improved fiscal discipline, though the country remains two notches below investment grade status.
RATINGS REPRIEVE: Moody’s gives SA a ratings tailwind, but we’re still not out of junk territory
Illustrative Image: Cape Town Port. (Photo: Getty Images / Bloomberg / Dwayne Senior) | Electrical pylon(Photo: Magnific) | Money. (Image: Istock) | (By Daniella Lee Ming Yesca) South Africa has received its first positive outlook revision from Moody’s since 2007, but the ratings agency is still keeping the country two notches below investment grade. This tells us that better fiscal discipline is being noticed, but the hard work is far from over.
Discussion 0 comments
Sort:
?
No comments yet — be the first to start the discussion!