SA 'resilient to shocks' but credit profile likely to erode - Moody's

fin24.com

- fin24.com | 2 months ago

Credit rating agency Moody's says while SA's credit profile is "resilient to shocks" that support its investment-grade rating, the country's credit profile is likely to continue to erode.

South Africa faces weak long-term growth despite its favourable government debt structure, it said. Moody's is the only international credit rating agency that has not downgraded SA to junk, keeping SA at Baa3 - the last rung of investment grade.

The agency published a post-election credit report on South Africa on Thursday morning.

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