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  • 00:41 Rating Agency Downgrades South Africa To Junk Status

    Rating Agency Downgrades South Africa To Junk Status

    by Headlines Africa Added 49 Views / 0 Likes

    Meanwhile S&P's decision to downgrade South Africa's local currency debt sent the rand tumbling. However, Moody's decision to only place South Africa on review for a downgrade may have prevented a larger sell-off in the currency. The rand weakened 2 perce