Moody’s refuses to release a ratings review of South Africa

CAPE TOWN – Credit rating agency Moody’s did not release a ratings review of South Africa on Friday as most South Africans expected, according to eNCA.

The agency believes that SA has not had any real major events, that would require a review.

In June the rating’s agency downgraded South Africa’s rating and assigned a negative outlook.

Mamello Matikinca, FNB Senior Economist said earlier in the day that, “Moody’s currently has the country’s local and foreign currency at investment grade Baa3 (negative outlook) and we don’t expect any downgrade from today’s release given how recent the previous downgrade was, and …read more