Lenders ready for bargains as SA junking looms
South Africa is poised to lose its final investment grade rating when Moody's conducts a review of its score a week from Friday. That has the potential to throw South African borrowers' funding plans into chaos following a year of of healthy, tightly priced issuance. Mariam Meskin and Ross Lancaster report.
It is a threat that has loomed over the country all year.There were reports last month that senior Moody’s analysts were hinting at the unlikelihood of a downgrade. But a fresh wave of power blackouts in recent weeks coupled with the approval of another government bailout bill for ...
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