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| UPDATE 2-S&P downgrades South Africa's local currency debt to "junk" status But Moody's decision to only place South Africa on review for a downgrade may have prevented a larger sell-off in the currency. Moody's rates the country's foreign and local currency debt on their lowest investment grade rung of Baa3. The downgrade by S&P comes after Finance Minister Malusi Gigaba ...
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