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-0.000132643586682652 -0.000132643586682652 0.000530574346730418 0.000132643586682652 0.00649953574744673 0.000131317150815782 0.0023875845602866 0.000795861520095534
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South Africa Has a Timing Problem as It Considers Eurobond Sale [Bloomberg Business News]

CITIGROUP (C)  More Company Research Source: Bloomberg Business News
Last citigroup earnings: 7/13 07:59 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
PDF South Africa has an opportunity to borrow in international markets at the lowest cost since 2014, capitalizing on unprecedented demand for high-yielding African dollar debt and improving sentiment toward the local economy. There’s just one problem. Moody’s Investors Service is due to review the country’s credit ratings later this month, and a reprieve would strengthen the government’s hand. But waiting for that risks paying more, with the Federal Reserve almost certain to lift U.S. rates, and with them bond yields globally. South Africa’s long-term foreign-currency debt is already rated below investment grade by S&P Global Ratings and Fitch Ratings, both of whom also assess the country’s local-currency debt as junk. Moody’s, however, has both ratings on the lowest investment level, albeit with a negative outlook. Revenue and spending measures announced in last month’s budget, the first under new President Cyril Ramaphosa, may have been enough to avert another downgrade, acc [Read more]

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