# South Africa: Moody’s rating review in focus today - TDS — Octa

> TD Securities expects Moody's to release its review of South Africa's Baa3 sovereign rating after the market close on 29 March. TD assigns a 55% chance of an outlook change to negative, which would likely weaken the rand about 3.5%, and a 15% chance of an immediate junk downgrade that would weaken it 8% or more.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60382-south-africa-moody-s-rating-review-in-focus-today-tds-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A negative outlook or downgrade would likely weaken the rand and raise the local cost of imported feed ingredients, with minimal effect on global commodity prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/684158/

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