By: Sanisha Packirisamy, Economist at Momentum Investments
Sanisha Packirisamy, Economist at Momentum Investments has provided commentay following Moody’s announcement to downgrade South Africa’s sovereign rating into junk status.
The document highlights the following:
- Outcome of rating
- Reasons for rating decision
- Moody’s forecasts
- Triggers for further negative ratings action
- Triggers for further positive ratings action
- Rand implications
- Investment implications
- What does this mean for SA?
Download the full document in PDF here: About Moody’s rating decision