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Moody's sees South Africa debt stabilizing as reforms boost Outlook
South Africa's improving fiscal performance and reform momentum should help government debt stabilise this year before gradually declining, Moody's Ratings said in a report dated Wednesday. Moody's said stronger revenue, spending restraint and improving funding costs supported the credit-positive shift, though debt above 80% of GDP continued to limit the government's ability to absorb shocks. Moody's rates South Africa at Ba2 with a stable outlook. [...]