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Day: November 28, 2016
November 282016
Rand Climbs as South Africa’s Credit Ratings Preserved
The South African rand rallied more than 1% at the start of the current trading week after rating agencies maintained South Africa’s credit grade at the end of the last week. Fitch Ratings and Moody’s Investors Service kept the sovereign credit rate above the junk level, but both services had a negative outlook. They cited political uncertainty among reasons for the pessimistic view. Yet for now, South Africa keeps its investment […]
Read more
November 282016
Rand Climbs as South Africa’s Credit Ratings Preserved
The South African rand rallied more than 1% at the start of the current trading week after rating agencies maintained South Africa’s credit grade at the end of the last week. Fitch Ratings and Moody’s Investors Service kept the sovereign credit rate above the junk level, but both services had a negative outlook. They cited political uncertainty among reasons for the pessimistic view. Yet for now, South Africa keeps its investment […]
Read more