Moody’s assures SA it won’t downgrade (if economic growth holds up)

Moody’s assured South Africa on Tuesday that the probability of it downgrading the country’s credit rating is about 33%.

However, it warns that a downgrade is very likely should growth fall below the estimated 0.2% for the year.

The Money Show’s Bruce Whitfield interviewed Investec Asset Management Economist Nazmeera Moola and Macquarie Senior Economist Elna Moolman.

Scroll down for quotes from the audio below.

They’re looking at us relative to other emerging markets.

Nazmeera Moola, Investec Asset Management

Growth is the single biggest worry for ratings agencies.

Nazmeera Moola, Investec Asset Management

They have given us credit for easing our electricity constraints.

Elna Moolman, Macquarie

I think the Reserve Bank won’t do anything [at its next Monetary Policy Committee meeting].

Elna Moolman, Macquarie

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Article brought to us by Old Mutual.


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