South Africa could be downgraded if govt commitment to stabilise debt falters: Moody's

JOHANNESBURG (Reuters) - South Africa's credit rating could be downgraded if the government's commitment to fiscal consolidation and stabilising its debt falters, ratings agency Moody's said in a credit opinion. Rising consumer inflation and a probable increase in U.S. policy rates could lead the South African Reserve Bank to hike domestic rates by year-end, despite the struggling economy, Moody's said in the research note sent to Reuters on Tuesday.