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KM Financial Solutions | Fitch, Moody’s downgrade S.African banks to junk
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Fitch, Moody’s downgrade S.African banks to junk

31 Mar Fitch, Moody’s downgrade S.African banks to junk

Posted at 05:52h in News by
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Two top ratings agencies
downgraded big South African banks’ credit ratings to junk, a
move expected after the country’s sovereign rating suffered the
same fate last week from Moody’s – the only agency to consider
it investment-grade.

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