It seems that South Africa has once again dodged the ratings bullet by Moody’s Investor Services, who, in its recent ratings review, declared South Africa’s longterm foreign and local currency debt ratings to be ‘Baa3’, revising the outlook from negative to stable. Following the Medium-Term Budget Policy Statement (MTBPS) last year and the breach of the fiscal ceiling — to the tune of R3.9-billion — Moody’s revelation ended three months of waiting after the country was placed on a 90-day review 更多
