On Friday both Moodys and S&P will review our current sovereign credit ratings. Both the ratings agencies have us one notch above sub-investment grade on local debt but if both of them are to downgrade us, then this could have a very negative impact on the local currency as this could result in exclusion from the World Government Bond Index.
Report Covers:
- sovereign credit ratings on Friday by Moody's and S&P
- the Rand
- Sterling
- Euro
- local results out today
- Reserve bank monetary policy committee meeting (day one)
- Reserve Bank: Leading indicator (October) - 9am
- Weekly government bond auction - 12pm
- Rhodes Food Group finals
- Life Healthcare finals
- Transaction Capital finals
- Store-Age Property interims
- Indequity Specialised Insurance finals
- Coronation finals
