All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
Emerging MarketsAfrica

Moody’s increases South Africa’s pain with final downgrade

Africa_28Feb2017_Fotolia_230x150

Moody’s downgraded South Africa on Friday, removing the battered sovereign’s final investment grade rating. Sentiment among investors and bankers was split, with some confident that borrowers will be able to lean on their relationship lenders if needed, and others worried about the economic hit which is heading the country’s way.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree