Moody’s calls for policies that tackle SA’s credit challenges

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Moody's said it expects the government to move forward with policies that tackle SA's credit challenges

Just a week after the ANC's victory in the election, credit rating agency Moody's Investors Service said it expects the government to move forward with policies that tackle SA's credit challenges.

Villa said the new cabinet will need to raise growth through reforms, reverse SA's rising debt trajectory and rebuild its institutions"following the years of misgovernance by the Zuma administrations". "Fading prospects of policies that will sustain fiscal and economic strength, alongside any signs of diminishing resilience to shocks, would put downward pressure on the country's rating," Villa said.

 

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