ADVISORY-Moody’s delays publishing South Africa rating decision

• by CNBC Wire
• 0 Comments

JOHANNESBURG, Oct 12 (Reuters) – Ratings agency Moody’s said it would not publish a review of South Africa’s debt on Friday as was widely expected, without giving a reason for the delay or the next scheduled release date.

Moody’s said in a statement that in accordance with European Union regulations it provides two dates for the potential release of both solicited and unsolicited sovereign credit rating actions, but can alter these dates at its discretion.

Moody’s rates South Africa’s foreign and local currency debt on their lowest investment grade rung of Baa3, with a stable outlook. (Reporting by Mfuneko Toyana)