Moody's Plays Catch-Up With Peers on South Africa Rating: Chart

Moody’s Investors Service is expected to announce the outcome of a review of South Africa’s credit rating later on Friday and will probably move more in line with its peers. S&P Global Ratings and Fitch Ratings Ltd. both sent the nation’s sovereign rating to junk in April after a midnight cabinet reshuffle saw Pravin Gordhan fired as finance minister. A shock slump into recession in the first quarter has raised questions on whether the downgrade could be as much as two levels, into sub-investment grade.

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