Moody’s decision on SA's credit rating widely welcomed

JOHANNESBURG - The decision by Moody’s to keep its investment rating for the country above sub-investment grade has been broadly welcomed.

The ratings agency postponed giving a review last Friday and it's now given clarity on its views on South Africa's economy. In its credit opinion report, which does not constitute a rating action, Moody’s said South Africa's credit rating remains at BAA3 with a stable outlook.Senior lecturer at Wits University Lumkile Mondi said government must now use this reprieve to address a number of problems facing the economy including state-owned enterprises.

Rating agencies are regime change agencies... Anyway you are part of the eNDA

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