Tag: #sarecession

Is SA on the precipice for a downgrade to junk? Moody’s answers

The only ratings agency that ranks South Africa as investment grade, hosted a summit in Johannesburg today. The ratings agency is due to give its latest review on Africa’s most developed economy next month. CNBC Africa’s Fifi Peters spoke to Lucie Villa, Moody’s Lead Analyst for South Africa. She asked her whether the recession in the country could be the nail in the coffin for a ratings downgrade to junk status.