Zambia's Kwacha Falls Most Since 2001 After Moody's Downgrade

Updated on
  • Copper producer's economy faces 'perfect storm' risking growth
  • Rapid currency depreciation credit-negative for Zambia

Zambia’s kwacha fell the most on record after Moody’s Investors Service cut the credit rating of Africa’s second-biggest copper producer, a move the government rejected and told investors to ignore.

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