MARKET WRAP: JSE set for rough ride after Moody’s downgrade
Bourse falls with European and US markets as Covid-19 continues to wreak havoc
27 March 2020 - 18:55
UPDATED 29 March 2020 - 18:57
The JSE, which ended a run of three successive gains on Friday, could be set for a rough ride on Monday after SA lost its last remaining investment-grade credit rating.
Moody’s Investors Service issued its review after close of trade, moving SA one step down to Ba1, meaning it is now noninvestment grade with all the three major ratings companies...
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