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View Full Version : South Africa’s Local Rating May Be Cut, Moody’s Says - Bloomberg



NewsWhore
03-12-2009, 09:10 AM
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South Africa’s Local Rating May Be Cut, Moody’s Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da26Dg2JOnncc%26refer%3Dafrica&cid=1314389809&ei=mgq5Scv9BI_wMoXjqIYD&usg=AFQjCNFKVvxcyikwxiG44gSwT_XtHpJAjQ)
Bloomberg
By Nasreen Seria March 12 (Bloomberg) -- Moody’s Investors Service said it may cut South Africa’s local currency rating as falling tax revenues worsens the government’s budget deficit and the risk mounts of increased government spending. ...


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