Economics
Moody’s Says It’s Too Early to Judge South Africa’s Progress
- Negative outlook is relatively fresh, lead analyst says
- Moody’s will look at spending and revenue measures in budget
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Moody’s Investors Service is looking for signs of a credible medium-term vision for South Africa and said it’s “a bit early” to judge the government’s policy and structural reforms after changing its outlook on the country’s credit ratings to negative almost three months ago.