The National Treasury would like to clarify Moody’s Investors Service’ decision on ratings, particularly on the outlook.
Some media reports have stated that Moody’s has changed the ratings outlook to negative from stable. This is not correct. Moody’s has maintained its negative outlook on the rating.
The rating was placed on negative in December. The review period that started on 8 March 2016 placed the sovereign on a watch for a credit rating downgrade. That review ended on Friday with a removal of the credit watch but the outlook on the rating has been maintained on negative.
Enquiries:
Communications Unit
E-mail: media@treasury.gov.za
Tel: 012 315 5944
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