SA has dodged a bullet. Last week Moody’s, the global debt ratings agency, upgraded the outlook on our debt from negative to stable.
For the uninitiated, the outlook is not the rating, but a stable outlook means the next time Moody’s rates our debt it is most unlikely to downgrade us beyond the two levels below investment grade to which we have already been subjected...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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