[JOHANNESBURG] Ratings agency Moody's said it would not publish a review of South Africa's debt rating on Friday as indicatively scheduled, without giving a reason for the delay or the next scheduled release date.
In accordance with European Union regulations, Moody's provides dates for the potential release of both solicited and unsolicited sovereign credit rating actions, but can alter these dates at its discretion. Moody's rates South Africa's foreign and local currency debt on their lowest level of investment-grade at 'Baa3', with a stable outlook.
South African markets on Friday were on edge over the impending review, with some economists fearful that a power crisis will cost the country its last investment-grade rating and lead to capital flight and the outflows of billions of dollars.