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Africa

Downgrade Would Lead to Exponential Growth in Borrowing Costs – Rand Merchant Bank

The possibility of a Moody’ downgrading the South African sovereign has long been under discussion. But according to Ettienne Le Roux, Chief Economist and Elena Ilkova, Credit Research Analyst at Rand Merchant Bank, a rating downgrade could provoke a much more severe reaction than the simply exclusion of the country’s debt from global indices.

Mar 9, 2020 // 5:11PM

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