Reuters logo
Moody's pushes back South Africa credit rating decision
April 4, 2017 / 9:11 AM / 6 months ago

Moody's pushes back South Africa credit rating decision

JOHANNESBURG, April 4 (Reuters) - Moody’s said on Tuesday it will not issue a sovereign credit rating decision on South Africa this Friday, as previously planned, but will do so after a review that could take 30 to 90 days.

Moody’s announced on Monday that it had placed South Africa on a review for a downgrade after a cabinet reshuffle that saw a respected former finance minister dismissed from his post.

Moody’s currently has South Africa’s sovereign at two notches above non-investment grade at Baa2. (Reporting by James Macharia; Editing by Joe Brock)

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