{"id":9898,"date":"2021-05-08T17:16:20","date_gmt":"2021-05-08T17:16:20","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=9898"},"modified":"2021-05-08T17:04:41","modified_gmt":"2021-05-08T17:04:41","slug":"sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","title":{"rendered":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s credit rating on Friday.<\/p>\n

This is a move that could mean that the agency needs more time to assess South Africa\u2019s economic prospects amid the Covid-19 vaccine rollout and threats of a third wave.<\/p>\n

The ratings agency was scheduled to release its review Friday night but issued a note indicating that \u201cno ratings were updated for\u201d South Africa, including Italy and Denmark among others.<\/p>\n

It also did not indicate when the next ratings announcement could be.<\/p>\n

Moody\u2019s could possibly be requiring additional time to determine whether South Africa\u2019s sovereign rating has any prospect of changing for the better as the country is ramping up its Covid-19 vaccination programme.<\/p>\n

The government is also locked in negotiations with public sector workers unions over wages as it tries to freeze salary increases over the medium term to shore up the fiscus.<\/p>\n

South Africa\u2019s economy is forecast to rebound to 3.4 percent this year from a 7 percent contraction last year as the global economy is on a path of recovery due to vaccines distribution.<\/p>\n

In a separate report, Moody\u2019s said global trade has rebounded and will continue to recover over 2021, although virus resurgence and uneven recoveries across countries threatens the recovery.<\/p>\n

\u201cGeopolitical tensions, new sanctions and export controls, and domestic policy focus will complicate trade negotiations,\u201d it said.<\/p>\n

\u201cSupply-chain considerations will drive shifts in business strategies in strategic sectors.\u201d<\/p>\n

In November 2020, Moody\u2019s downgraded South Africa\u2019s rating to Ba2 with a negative outlook due to concerns over rising debt and deteriorating fiscal metrics.<\/p>\n

South Africa saw its borrowing trajectory increase sharply last year to meet the fiscal stimulus needs presented by the pandemic, while revenue fell off on lockdown restrictions.<\/p>\n

Following an improved Budget Review in February 2021, Moody\u2019s warned that the slightly lower budget deficit would not prevent the government debt from rising, and that downside risks remained elevated.<\/p>\n

Economists were not expecting a downgrade from Moody\u2019s South Africa\u2019s bonds deeper into junk though they expressed concern over the slow pace of economic recovery.<\/p>\n

Citadel Global director Bianca Botes said they were not expecting Moody\u2019s would spare South Africa for now though State-owned enterprises were deteriorating.<\/p>\n

\u201cWhile we are not anticipating a downgrade, we do expect the agency to remain critical of the fiscal position, the economic growth trajectory, as well as the state of state-owned enterprises, in particular Eskom,\u201d Botes said.<\/p>\n

Anchor Capital\u2019s investment analyst Casey Delport predicted that Moody\u2019s would more than likely hold off a downgrade this time.<\/p>\n

\u201cGiven that the agency maintained a negative outlook on the rating, we believe that further downgrades are more likely than not,\u201d Delport said.<\/p>\n

\u201cHowever, given the recent improvements in economic activity and fiscal data, we believe that Moody\u2019s will keep the ratings unchanged at this stage.\u201d<\/p>\n

[email protected]<\/p>\n

BUSINESS REPORT ONLINE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s credit rating on Friday. This is a move that could mean that the agency needs more time to assess South Africa\u2019s economic prospects amid the Covid-19 vaccine rollout and threats of a third […]<\/p>\n","protected":false},"author":84,"featured_media":9897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-9898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nSA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review\" \/>\n<meta property=\"og:description\" content=\"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-08T17:16:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review\",\"datePublished\":\"2021-05-08T17:16:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\"},\"wordCount\":505,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\",\"name\":\"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg\",\"datePublished\":\"2021-05-08T17:16:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg\",\"width\":720,\"height\":404,\"caption\":\"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review - South Africa","description":"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","og_locale":"en_US","og_type":"article","og_title":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review","og_description":"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-05-08T17:16:20+00:00","og_image":[{"width":720,"height":404,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review","datePublished":"2021-05-08T17:16:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review"},"wordCount":505,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg","keywords":["Africa Press","Africa Press-South-Africa","South-Africa"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review","name":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg","datePublished":"2021-05-08T17:16:20+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"South Africa has dodged a bullet, for now, after Moody\u2019s Investor Services skipped its scheduled review of the country\u2019s ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6096c484c7ae2.jpg","width":720,"height":404,"caption":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-credit-rating-unchanged-as-moodys-skips-scheduled-review#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"SA\u2019s credit rating unchanged as Moody\u2019s skips scheduled review"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/9898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=9898"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/9898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/9897"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=9898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=9898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=9898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}