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Business: Economists Split on South Africa Avoiding Moody’s Negative CutSouth Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: Why do financial markets overreact to bad news?We live in the era of the 24-hour news cycle. Corporate issues make the headlines and then rumbleon and on, taking new turns and causing more damage as company responses are analysed in minute detail. Sometimes, major incidents beget huge crises where significant investor responses are justified. In others, we often get the feeling that markets go over the top.
Source: dailymaverick - 🏆 3. / 84 Read more »
A junk call by Moody's would be no shocker for bond market'Although there is a risk of SA losing its final investment grade rating [from Moody's], the elevated yield suggests we are very much priced in as junk status,'
Source: SundayTimesZA - 🏆 47. / 51 Read more »