Moody’s cuts South Africa’s credit ratings to junk

Johannesburg (AFP) – Moody’s has downgraded South Africa’s credit rating to junk status, piling more anguish on an economy already in recession and battered by Africa’s worst coronavirus outbreak.Moody’s move “could not have come at a worse time”, the South African government said, as it would “further add to the prevailing financial market stress”.The downgrade […]