Moody's ratings review of South Africa to come after next week's budget - Treasury

By Kitco News / October 16, 2018 / www.kitco.com / Article Link

CAPE TOWN, Oct 16 (Reuters) - South Africa expects Moody'sto release its ratings review after next week's medium termbudget policy statement (MTBPS), Dondo Mogajane, the directorgeneral of the National Treasury said on Tuesday.


Mogajane said he met Moody's representatives at aninternational financial conference in Bali last week and toldReuters that the ratings agency "will obviously get back to usafter the MTBPS."


Moody's, the last of the top three agencies to still ratethe country investment grade, did not publish the review onFriday as was widely expected.


(Reporting by Wendell RoelfWriting by Mfuneko ToyanaEditing by James Macharia)

Messaging: mfuneko.toyana.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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