
Moody’s affirms South Africa’s sub-investment grade credit rating
[File Image]: Signage is seen outside the Moody’s Corporation headquarters in Manhattan. 1 minute Rating agency Moody’s has maintained South Africa’s credit rating at Ba2 with a stable outlook, keeping it at sub-investment grade. In a statement released on Wednesday, Moody’s attributed its decision to the country’s strong and independent institutions, including the judiciary and…