# Rand gains 2% after ratings affirmed - Moneyweb

> The rand strengthened about 2% on Monday after Fitch and Moody's affirmed South Africa's investment-grade ratings. Emerging-market equities reached a two-week high as the dollar and US bond yields eased. S&P's review was still pending, and the 2026 bond yield fell 21 basis points.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/74128-rand-gains-2-after-ratings-affirmed-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Avoiding a downgrade to junk limits capital outflows and keeps South African import costs for dollar-priced feed ingredients from rising. A downgrade would risk a sharp rand selloff.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-firms-after-fitch-moodys-affirm-ratings/

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