Following President Jacob Zuma’s resignation on Wednesday‚ credit rating agency Moody’s said it will pay close attention to the new leadership’s response to South Africa’s economic woes.
Zuzana Brixiova‚ vice-president at Moody’s‚ said in a statement on Thursday: “Moody’s is closely monitoring developments in South Africa and is focused on the policy implications of ongoing changes in leadership.”
“The key point from a credit perspective will be the new leadership’s response to the country’s economic and fiscal challenges and progress in implementing reforms addressing them‚” she added.