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Moody's places South Africa's credit rating on review for downgrade

JOHANNESBURG: Moody's ratings agency placed Africa's sovereign credit rating on review for downgrade on Monday
Published April 3, 2017 Updated April 3, 2017 09:46pm
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By Shoaib Ur Rehman
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moodys-1024JOHANNESBURG: Moody's ratings agency placed Africa's sovereign credit rating on review for downgrade on Monday, saying that the decision was prompted by an abrupt change in leadership of key government institutions.

South Africa's sovereign is currently one notch above non-investment grade at Baa2.

 

 

Copyright Reuters, 2017

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