The rand was back over R12 to the dollar on Monday morning as SA braced itself for what Reuters termed "the Moody’s blues".Moody’s — the only one of the big three international credit ratings agencies to still rate rand-denominated government bonds above junk — is scheduled to release its decision on SA’s sovereign rating by Friday.On November 24, Moody’s decided to hold SA’s local currency credit rating at Baa3 — one notch above junk — while changing its outlook from negative to "under review"."Moody’s rarely spares those it puts on a downgrade warning. Only seven of the dozens of countries it has had on review over the last two years have been reprieved, its data shows. SA was one of those. None have been saved twice," Reuters reported on Friday.The rand was trading at R12.01 to the dollar, R14.73 to the euro and R16.70 to the pound at 7am.Sun International warned shareholders on March 9 that it expected to report on Monday that it a made a headline loss per share of up to R1.96 f...
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