News Banner

Our Publications

UASA welcomes Moody’s decision to keep SA rating unchanged

Given the recent spate of violence and disruption in South Africa, UASA is pleasantly surprised with international ratings agency Moody’s to keep the country’s rating the same and the provision of an 18-month window to get its fiscal and growth numbers in order.

 

SA’s sovereign debt has the lowest investment grade by Moody’s, at Baa3 with a stable outlook. A further downgrade could have sent our economy tumbling.

Moody’s said for South Africa to keep its rating, the prospects for improvement should remain strong.

UASA hopes Moody’s decision serves as a wake-up call to all South Africans that we must pull ourselves together and work towards recovering the economy.

For further enquiries or to set up a personal interview, contact Stanford Mazhindu at 074 978 3415.


Contact Us

011 472 3600

pr@uasa.org.za

 

42 Goldman Street

Florida, Gauteng, 1709

Call Centre Number

0861 008 272

 

Registered with Department of Labour

LR 2/6/2/1499

twitter icons    linkedin icons    facebook icons    whatsapp icons

Divider