(Bloomberg) — Most analysts following South Africa expect it to lose its final investment-grade rating. But they disagree over when that might happen and what the consequences would be.The gloomiest reckon it would trigger more than $10 billion of outflows and cause the rand to weaken to its lowest level in almost four years.Others say investors have already priced in a downgrade and South African assets may even rise in the aftermath, especially if sentiment toward emerging markets stays strong.Moody’s Investors Service, which rates South Africa Baa3, one step above speculative grade, cut its outlook to negative on Nov. 1. …read more
Source:: Yahoo Finance
