UPDATE 1-South Africa’s rand crashes to all-time low after Moody’s pulls the plug
South Africa’s rand
plunged to an all-time low on Monday, falling below 18.00 to a
dollar after ratings firm Moody’s cut the country’s last
investment grade credit rating to “junk”, adding to mounting
panic about the coronavirus outbreak.
plunged to an all-time low on Monday, falling below 18.00 to a
dollar after ratings firm Moody’s cut the country’s last
investment grade credit rating to “junk”, adding to mounting
panic about the coronavirus outbreak.
Posted by Reuters
