Credit rating agency Moody's has surrendered the regulatory licence of its South African subsidiary as it focuses on serving cross-border investors and African issuers seeking international funding. The firm says the decision reflects a broader adjustment to its business model and confirms that it will continue to rate South African entities from offshore offices. Regulators have approved a phased transition to limit disruption, allowing banks to rely on existing Moody's South Africa ratings for regulatory purposes for 24 months, until April 2028. The move signals a shift in how credit ratings will be used in one of Africa's most developed financial markets.  Peter Ndoro spoke to President of the African Credit Rating Association (ACRA), Dr Sifiso Falala...