Business / Economics

Moody’s affirms South Africa’s Ba2 rating with a stable outlook

today4 December, 2024

Background

Moody’s has affirmed South Africa’s long-term debt ratings at “Ba2” with a stable outlook. The agency cited the country’s strong institutions, like the judiciary and central bank, as credit strengths. However, persistent inequalities continue to hinder reforms and pose social risks, according to Moody’s.

Written by: Tonata Kadhila

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