Moody’s Sub-Saharan Africa Summit: Akin Majekodumni
Moody’s credit rating agency is holding its sub-Saharan Africa summit in Sandton, Johannesburg, on Tuesday. Moody’s is the only major rating agency that still has South Africa on a non-junk or investment-grade rating. A downgrade could mean large outflows of investor cash and would send debt costs soaring. There is keen interest in the views of the agency ahead of a possible ratings change at the beginning of November. Glorious Sefako-Musi spoke to Moody’s Vice President for Financial Institutions, Akin Majekodumni.
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