The Democratic Alliance has expressed concern at the decision by Moody’s ratings agency on Friday not to make any sort of announcement regarding South Africa’s sovereign credit outlook.
Moody’s has not even given any explanation of why it has not given an update. At the very least there should have been a statement, supported by research, why the rating was to remain unchanged at Baa3 neutral.
Source: Loan Digest (loandigest.net)
It sounds like the DA was banking on a downgrade for their selfish political reasons. This statement is worrying and show they can do anything to gain political points. DA never loved us.
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