REFILE-South Africa suspends use of Land Bank debt as collateral after default
South Africa’s central bank
has temporarily prohibited the use of debt issued by the Land
Bank as collateral after the state agricultural lender was
downgraded deeper into junk status and missed $2.7 billion in
loan repayments.
has temporarily prohibited the use of debt issued by the Land
Bank as collateral after the state agricultural lender was
downgraded deeper into junk status and missed $2.7 billion in
loan repayments.
Posted by Reuters
