Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

South Africa Says Moody’s View Mistaken, Business Times Reports

Nov. 20 (Bloomberg) -- South Africa’s Deputy President Kgalema Motlanthe said this month’s downgrade of the country’s credit-rating outlook by Moody’s Investors Service reflects a lack of political understanding, Business Times reported.

Moody’s said its Nov. 9 decision to change the outlook on the sovereign-debt rating to negative from stable was based on the belief that popular pressures and strains within the ruling African National Congress would undermine South Africa’s commitment to a low budget deficit.

Debates within the ANC do not weaken the government’s fiscal discipline, which has been proven over time, Motlanthe told the Johannesburg-based newspaper.

To contact the reporter on this story: Franz Wild in Johannesburg at

To contact the editor responsible for this story: Andrew J. Barden at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.