Moody’s downgrade of SA firmly on the cards, say global economists

A downgrade by Moody’s Investors Service remains firmly on the cards for SA as the slow pace of reforms makes it unlikely that the country can get its fiscal house in order quickly, global analyst suggested this week.

According to a report by global economic forecast and analysis group FocusEconomics, rapidly deteriorating fiscal metrics and the absence of concrete policy measures to avert a fiscal crisis suggest a downgrade by Moody’s is likely to happen.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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