Moody's Ratings has kept South Africa's credit rating at Ba2 with a stable outlook, unchanged. Its caution follows the recent credit rating upgrade by S&P Global which cited stronger revenue, fiscal discipline, and success in structural reform in the areas of energy and logistics as well as the removal of South Africa from the FATF Greylist. But Moody's stayed put on the rating, saying it wants to see more evidence of sustainable growth going forward.
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