Officials from Moody's arrived in South Africa today to investigate whether to downgrade the country’s credit rating.
The Money Show’s Bruce Whitfield interviewed Stanlib Asset Management Chief Economist Kevin Lings.
Lings spoke about five things the ratings agency will scrutinize during its visit.
Scroll down for quotes from the audio below.
The growth rate is a worry for all the ratings agencies, as is the deterioration of our institutional capacity.— Kevin Lings
Most ratings agencies will rate our monetary policy very highly.— Kevin Lings
It’s a broad range of factors that they consider. Some of these areas we do quite well on.— Kevin Lings
Ratings agencies have become more cautious following the global financial crisis.— Kevin Lings
There are 25 to 30 countries in a similar situation as South Africa where they’re facing a downgrade.— Kevin Lings
The revelations of the appointment of government ministers alone is likely to see Moody’s downgrading us.— Kevin Lings
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