Big Win for South African Economy as Moody’s Upgrades Outlook

Big win for South African economy as Moody’s upgrades outlook

South Africa has received a welcome confidence boost after Moody’s Ratings upgraded the country’s economic outlook from stable to positive, citing improving fiscal discipline and continued structural reforms. Despite the improved outlook, Moody’s kept South Africa’s sovereign credit rating at Ba2 (B-A-2) – still two notches below investment grade, commonly referred to as “junk status”. Better debt management In a statement released on Friday, th…

South Africa Gains Rare Positive Outlook from Moody’s

Pretoria – South Africa has become the only G20 nation with a positive outlook from Moody’s Investors Service, after the ratings agency revised the country’s sovereign credit rating outlook to positive from stable while affirming its long-term ratings at “Ba2”. Moody’s said the decision reflects South Africa’s strengthening fiscal performance and commitment to structural reforms, noting expectations of a rising primary surplus and improving debt…

Government welcomes Moody’s upgrade to positive outlook

Government has welcomed Moody’s Investors Service decision to revise South Africa’s sovereign credit rating outlook to positive from stable, while affirming both domestic and foreign-currency long-term ratings at ‘Ba2’. The development is being seen as a significant vote of confidence in the country’s economic direction and reform agenda. National Treasury boasted the decision positions South […]