For Moody's, ACSA's financial profile depend also on what tariffs it will be able to charge in future. ACSA's current regulatory period will end on 31 March 2023 and Moody's found "no visibility around the level of tariffs beyond this". READ | 'A debt-ridden carcass': ACSA shareholders in two-decade fight to sell their shares Moody's affirmed a Ba2 Corporate Family Rating (CFR) and Aa2.za national scale long-term issuer rating of ACSA. Last week, Moody's upgraded its outlook of the SA government to "stable" from "negative".