Economics
South Africa Awaits First Ratings Verdict of Ramaphosa Era
- Moody’s is likely to keep ratings unchanged, above junk
- Missing budget and growth targets remain risks to assessment
Cyril Ramaphosa
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa will probably escape a junk assessment from Moody’s Investors Service this week in the first such verdict on the country’s creditworthiness since Cyril Ramaphosa came to power.
The change in leadership last month from the troubled era of Jacob Zuma will allow Africa’s most-industrialized economy to cling on to the only major investment-grade rating it has left, according to all 15 respondents in a Bloomberg survey of economists and analysts.