Economics
Ratings Firms ‘Positive’ About South Africa Budget, Treasury Says
- Treasury spoke to Moody’s, S&P on Wednesday, Ratsoma says
- Gigaba says avoiding Moody’s ratings downgrade is key focus
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Rating companies Moody’s Investors Service and S&P Global Ratings responded positively to decisions taken in South Africa’s budget, Treasury Deputy Director-General Monale Ratsoma said.
“They were very positive,” Ratsoma said in an interview in Cape Town on Wednesday after a team from the Treasury held teleconferences with Moody’s and S&P. “They indicated areas of concern after the medium-term budget policy statement and I think they must agree we’ve addressed all of those.”