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Virus Fallout May Cushion South African Assets From Junk Rating

  • Rand near record lows, outflows peak amid Covid-19 concerns
  • Moody’s Investors Service to assess nation’s credit March 27

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There’s a shaft of light for South African traders and investors gearing up for Moody’s Investors Service rating decision come Friday: it may already be as bad as it can get for the nation’s assets amid the coronavirus outbreak, even in the event of a downgrade to junk.