# Rand little changed before Moody’s credit review - Moneyweb

> The rand held near 14.99 per dollar after a sharp fall the previous day, when Finance Minister Mboweni cut growth forecasts and projected debt above 70% of GDP and a 5.9% deficit. Traders expected Moody's to move South Africa to negative watch or downgrade it, possibly costing the country its last investment-grade rating.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56864-rand-little-changed-before-moody-s-credit-review-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency weakness and a possible downgrade raise South African import costs for dollar-priced feed inputs, and may tighten local credit. The effect on world feed prices is small.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-little-changed-before-moodys-credit-review/

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