April 3, 2017 / 9:51 PM / 4 months ago

Moody's places South Africa's credit rating on review for downgrade

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JOHANNESBURG (Reuters) - Moody's ratings agency placed Africa's sovereign credit rating on review for downgrade on Monday, saying that the decision was prompted by an abrupt change in leadership of key government institutions.

South Africa's sovereign is currently two notches above non-investment grade at Baa2.

Reporting by Tanisha Heiberg; Editing by Sandra Maler

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