SOUTH AFRICA: Moody’s May Review South Africa’s Rating After Market Close
Dec-05 17:12
- A reminder that Moody’s is scheduled to review South Africa’s sovereign credit rating after market close today (current rating: Ba2; outlook: stable). Given the stable outlook, no tweak is expected. However, the nation’s improved fiscal trajectory underpinned an upgrade from S&P last month, and Moody’s commentary may add to the increasingly positive mood around South Africa’s fiscal situation on the back of an upbeat MTBPS.
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