JSE firms ahead of Moody’s rating review
‘We expect Moody’s to retain its negative outlook on SA and maintain its foreign currency rating at Ba2,’ an RMB analyst says
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07 May 2021 – 11:16
The JSE was on track for a three-day winning streak on Friday morning, with local focus turning to Moody’s Investors Service , which is scheduled to release its latest review of SA’s credit rating later in the day.
Moody’s, which has previously opted to delay its review, has SA at Ba2 with a negative outlook, which is two notches into junk status. Most analysts do not expect the release to have a major effect on SA assets ahead of the release…
Source: businesslive.co.za