He also says he is confident the decision will extend to other rating agencies.
Over the weekend Moody’s announced that it is keeping the country’s credit rating two notches above junk status.
The finance minister has told an audience in Sandton that the breathing space given by Moody’s is important.
Gordhan says it was a collective effort to make sure Moody’s kept the country’s outlook two notches above junk status, but he says government is still waiting for the outcome from two more rating agencies.
