Friday , May 14 2021

Kganyago sees no reason to humiliate Moody's ratings



Kganyago sees no reason to humiliate Moody's ratings

Moody's is the last of the top three rating firms that have long long-term debt at Pretoria in the investment department.

DALCHI: Governor of the reserve bank Leset Krganajo. Picture: EWN.

DAVOS – There is no negative development for South Africa's sovereign rating, as Moody's latest Moody's statement on the country's creditworthiness, said central bank governor Leshet Knyagogo on Friday.

Moody's is the last of the top three rating firms that have long long-term debt at Pretoria in the investment department.

"I have not seen anything that is a credit-negative that has evolved since Moody's latest announcement of our credit rating," Governor of the Reserve Bank Leset Kaganago told Reuters on the World Economic Forum.

"Nothing has been developed that will lead us to say that the following risks materialize and such a risk is at risk," he said in an interview.


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