for subscribers

Moody's on way to SA for thorough review

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(Picture: Supplied)
(Picture: Supplied)

Cape Town - Moody's Investors Service has announced it will come to South Africa in the near future for a thorough review, after placing the country on intense watch for now.

During this visit Moody’s will either affirm or downgrade its current rating for South Africa following its annual review visit from March 16 to 18, National Treasury confirmed on Wednesday.

Late on Tuesday Moody’s, which currently rates South Africa two notches above sub-investment grade for foreign currency debt, placed the Baa2 bond and issuer ratings of the RSA government on review for downgrade.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.68
(+1.45)
ZAR/GBP
21.56
(+0.98)
ZAR/EUR
19.56
(+1.56)
ZAR/AUD
11.95
(+1.17)
ZAR/JPY
0.16
(+1.35)
Gold
1895.79
(-0.05)
Silver
23.78
(-1.85)
Platinum
898.00
(+1.81)
Brent Crude
41.31
(-3.06)
Palladium
2318.00
(+0.78)
All Share
54264.96
(-0.44)
Top 40
50042.44
(-0.55)
Financial 15
10071.85
(+0.68)
Industrial 25
73187.40
(-0.23)
Resource 10
53383.39
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1396 votes
It depends on how the funds are used.
73% - 9032 votes
No. We should have gotten the loan elsewhere.
16% - 1992 votes
Vote