Reprieve for Rand as South Africa Dodges 'Junk' Rating

The rand has made strong gains against the dollar after avoiding a "junk status" credit rating from Moody's Investors Service. The Baa3 rating - the lowest category in the investment-grade stable - puts South Africa close to receiving a third non-investible grade after receiving downgrades from agencies Standard & Poor's and Fitch in 2017.

(file photo).

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.