# Moody's Downgrade Fears, Rising Cost of CDS and Coronavirus all Weighing on ZAR | Investing.com ZA

> The rand weakened as coronavirus worries combined with concerns about a possible Moody's sovereign downgrade and rising credit default swap costs. Investec put the odds of a downgrade at 50/50. The rand underperformed its emerging market peers.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55376-moody-s-downgrade-fears-rising-cost-of-cds-and-coronavirus-all-weighing-on-zar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Domestic credit risk is adding to global risk-off pressure on the rand, which raises the local cost of imported feed ingredients.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- za.investing.com: https://za.investing.com/analysis/moodys-downgrade-fears-rising-cost-of-cds-and-coronavirus-all-weighing-on-zar-200433536

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.