Tuesday 12 November 2019
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brecorder - 7 days ago

South Africa rand and bonds bounce on Moody’s ratings reprieve

Moody s affirms investment-grade rating, Some investors had feared move to junk Rand, bonds see relief rally, More modest gains for stocks Negative outlook means risks remain JOHANNESBURG/LONDON: The South African rand and government bonds jumped on Monday after ratings agency Moody s kept the country s last investment-grade credit rating intact, but many investors expected the rally could [ ]


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