South Africa: Moody's Appears to Maintain Current Credit Rating, Outlines Long-Term Economic Risks

Moody's Investors Service has kept South Africa's credit rating at Baa3, one grade above junk status, following the country's May 8 election, Fin24 reported May 16. The agency pointed out, however, that the country's long-term growth prospects remain low and its credit profile will likely continue to erode....