17+ South Africa Credit Rating Moody's PNG. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of south africa thus having a big impact on the country's borrowing costs. The agency said on friday that keeping south african government bonds at one notch above junk reflected its view that the.
Moody's still rates africa's most developed economy as baa2 — meaning it is of investment grade for. Moody's credit rating for south africa was last set at ba1 with negative outlook. Subscribe to our free email alert service.
Moody's was the last of the three major global credit rating agencies to downgrade south africa's local and foreign currency rating after the cabinet reshuffle earlier this year.
See how different credit ratings agencies rate countries worldwide. Just days earlier moody's cut its assessment of cyprus's government bonds, downgrading them by one notch from ba3 to b3. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of south africa thus having a big impact on the country's borrowing costs. As part of moody's bank rating methodology, governance is assessed under a corporate behavior framework.