Reuters logo
Moody's places South Africa on review for downgrade
November 24, 2017 / 9:56 PM / in 19 days

Moody's places South Africa on review for downgrade

JOHANNESBURG, Nov 24 (Reuters) - Ratings agency Moody’s on Friday decided against downgrading South African debt to sub-investment grade, instead putting the rating on review for a possible downgrade if the economy continued to weaken.

Moody’s rates the country’s foreign and local currency debt on their lowest investment grade rung of Baa3.

It said in a statement that the fiscal and economic risks faced by the country were more pronounced than initially assumed. (Reporting by Mfuneko Toyana; Editing by Hugh Lawson)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below