Ratings agency Moody's logo and rating grid. Jean-Marc Barrère/Hans Lucas via AFP
JOHANNESBURG - Moody's Ratings agency has kept South Africa’s sovereign credit rating unchanged at BA2 with a stable outlook.
It says the decision reflects a mix of resilience and persistent structural challenges.
These include high debt levels, ageing infrastructure and labour-market constraints.
For now, South Africa remains two notches below investment grade, underscoring investor caution.
The agency says a sustained improvement in growth, fiscal discipline and reforms in energy and logistics could stabilise or one day improve the outlook.