Tag: S&P Global

How the SA bond market is performing post WGBI exclusion

We’re into the second month since South Africa was kicked out of the World Government Bond Index following the downgrade to junk status by rating agencies Fitch, S&P Global and Moody’s.

South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.
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