South Africa escapes junk at Moody’s as rating cut one step

*Country’s foreign-currency debt downgraded to Baa3 from Baa2 *Moody’s cites reduced growth prospects, weakening institutions 10 June 2017, Johannesburg — South Africa escaped wall-to-wall junk sovereign assessments from the three biggest ratings’ companies after Moody’s Investors Service downgraded the nation one level to the lowest investment grade. Moody’s cut the nation’s foreign and local-currency ratings […] More »