Moody’s to visit South Africa next week to decide on ratings: Treasury

Ratings firm Moody’s will visit South Africa next week to decide whether to downgrade the credit status of Africa’s most industrialised economy to just one notch above sub-investment grade, the Treasury said on Wednesday. South Africa’s Finance Minister Pravin Gordhan told local station Radio 702 that Moody’s informed him of their decision during his stop … Continue reading Moody’s to visit South Africa next week to decide on ratings: Treasury