UPDATE 1-Fitch, Moody’s downgrade S.African banks to junk
Two top ratings agencies
downgraded big South African banks’ credit ratings to junk, a
move expected after the country’s sovereign rating suffered the
same fate last week from Moody’s – the only agency to consider
it investment-grade.
downgraded big South African banks’ credit ratings to junk, a
move expected after the country’s sovereign rating suffered the
same fate last week from Moody’s – the only agency to consider
it investment-grade.
Posted by Reuters
