Moody's announces its decision on South Africa's credit rating

November 01, 2019 - Johannesburg, South Africa, Africa - Moody's, the last of the big three credit rating agencies to still rank South Africa’s debt at investment grade, is expected to announce today whether it has changed its view after a grim mid-term budget statement. On Wednesday, Finance Minister Tito Mboweni forecast wider budget deficits and soaring debt. The economy is barely growing and also saddled with chronically high unemployment.