# South African assets hit as nation's credit rating seen threatened

> South African bank stocks and bonds tumbled and the rand headed for its biggest weekly slide since 2015 after Gordhan's firing raised concerns about the fiscal path and the investment-grade rating. The 10-year yield rose 35 basis points and a bond auction fell short.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72274-south-african-assets-hit-as-nation-s-credit-rating-seen-threatened
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A downgrade risk and weaker rand raise the cost of South African imports, a minor factor for global feed markets.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- afr.com: https://www.afr.com/markets/currencies/south-african-assets-hit-as-nations-credit-rating-seen-threatened-20170401-gvberj

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