South Africa’s ratings review to be released by Moody’s after Medium term budget

PUBLISHED: Tue, 16 Oct 2018 16:58:45 GMT

CAPE TOWN (Reuters) – South Africa expects Moody’s to release its ratings review after next week’s medium term budget policy statement (MTBPS), Dondo Mogajane, the director general of the National Treasury said on Tuesday.

Mogajane said he met Moody’s representatives at an international financial conference in Bali last week and told Reuters that the ratings agency “will obviously get back to us after the MTBPS.”

Moody’s, the last of the top three agencies to still rate the country investment grade, did not publish the review on Friday as was widely expected.

Reporting by Wendell Roelf; Writing by Mfuneko Toyana; Editing by James Macharia

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