# Markets are taking Moody’s SA rating review in stride - Moneyweb

> Markets were calm ahead of Moody's review of South Africa's credit rating, with economists expecting the country to avoid a junk downgrade. A downgrade could trigger as much as $6 billion of capital outflows. The rand was up 0.2% at 11.82 per dollar.

- Date: 2018-03-23 · published 2018-03-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/66288-markets-are-taking-moody-s-sa-rating-review-in-stride-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A downgrade would weaken the rand and raise feed import costs, while a hold would support it, so the outcome is a modest currency risk for South African feed buyers.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/markets-are-taking-moodys-sa-rating-review-in-stride/

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