Industry News

S.Africa's rand, bonds weaken after Moody's cut

September 28, 2012 Comments Off on S.Africa's rand, bonds weaken after Moody's cut

September 28, 2012, 9:11 am

JOHANNESBURG (Reuters) – South Africa’s rand weakened against the dollar on Friday after Moody’s cut the government’s bond rating by one notch to Baa1 from A3, but bonds were supported by their imminent accession to Citi’s prestigious World Government Bond Index (WGBI).

Powered by WPeMatico

Comments are closed.