Africa
› South Africa 06.11.2014
Moody's downgrades South Africa debt by a notch, raises outlook
A sign for Moody's rating agency on the front of company headquarters in New York, September 18, 2012. By Emmanuel Dunand (AFP/File)
Johannesburg (AFP) - Ratings agency Moody's downgraded South Africa's Baa1 sovereign debt rating by one notch to Baa2 on Thursday, and changed the outlook to stable from negative.
Moody's said the outlook revision was due to "policymakers' commitment to reining in government debt growth over the medium term and the broad political support for a macroeconomic strategy."