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5 Reasons Why Moody’s Gave SA a Ratings Breather

From Fin24: 5 Reasons Why Moodys Gave SA a Ratings Breather

Mar 24 2018 09:17 Tehillah Niselow

Johannesburg – In a late night ratings review, Moody’s Investor Services affirmed South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and revised the outlook to stable from negative.

This ended three months of the country waiting on tenterhooks, after being placed on a 90-day review for a downgrade in November, following the Medium Term Budget Policy Statement (MTBPS) and the breach of the fiscal ceiling.

Read the full article on Fin24.com: 5 Reasons Why Moodys Gave SA a Ratings Breather

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