# Rand rises after S&P leaves ratings unchanged - Moneyweb

> The rand rose 0.42% to 12.45 per dollar on Monday after S&P Global Ratings left South Africa's sub-investment-grade rating unchanged with a stable outlook. S&P expects growth to pick up in 2018 but flagged public debt above 50% of GDP.

- Date: 2018-05-28 · published 2018-05-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65293-rand-rises-after-s-and-p-leaves-ratings-unchanged-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency moves in South Africa have limited direct effect on feed grain prices, so this rating decision is a minor macro signal for importers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/companies-and-deals/rand-rises-after-sp-leaves-ratings-unchanged/

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