The JSE closed firmer on Monday, with rand hedges, resources and gold miners making gains, while banking index losses pushed ever closer to 50% for the year to date.
Moody’s Investors Service downgraded SA’s credit rating to junk on Friday, assigning SA a rating one rung below investment grade, at Ba1, with a negative outlook. The move means SA is now at subinvestment grade with all three major ratings companies. Fitch and S&P Global dropped the country’s debt to junk in 2017.
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LUKANYO MNYANDA: No miracle cures as SA awaits market verdict on downgradeWe are about to get the answer to a long-standing question: have assets already priced in junk status?
स्रोत: BDliveSA - 🏆 12. / 63 और पढो »
स्रोत: TheCitizen_News - 🏆 6. / 75 और पढो »
LUKANYO MNYANDA: No miracle cures as SA awaits market verdict on downgradeWe are about to get the answer to a long-standing question: have assets already priced in junk status?
स्रोत: BDliveSA - 🏆 12. / 63 और पढो »