# Moody’s hands Ramaphosa lifeline as markets rally - Moneyweb

> Moody's deferred a scheduled review of South Africa's credit rating to November 1, which keeps the country's only investment-grade rating in place until after the May 8 elections. The rand had its strongest rally in three months on Monday, and government bond yields fell to their lowest since May. Analysts expect the election outcome to shape the pace of economic reform.

- Date: 2019-04-01 · published 2019-04-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/59865-moody-s-hands-ramaphosa-lifeline-as-markets-rally-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Keeping the investment-grade rating supports the rand and lowers the local cost of imported feed. A downgrade later in the year would reverse this support and raise import costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/moodys-hands-ramaphosa-lifeline-as-markets-rally/

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