# Rand, Bonds Fall as South Africa Junk Rating Triggers Index Exit - Bloomberg

> Fitch Ratings became the second agency to cut South Africa's credit rating to junk, which pushed the rand and dollar bonds lower. JPMorgan said it would remove South Africa from index gauges tracked by $59 billion of funds.

- Date: 2017-04-07 · published 2017-04-07T12:00:00.000Z
- Category: policy · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/71796-rand-bonds-fall-as-south-africa-junk-rating-triggers-index-exit-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Index exits can force selling of South African assets and keep the rand under pressure. The downgrade also leaves the local-currency rating near junk.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-04-07/second-junk-rating-blow-sends-south-african-assets-tumbling

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