The Land Bank has become the first big state-owned company in SA to be relegated to junk status by Moody’s rating agency. The New York-based agency, which is the last remaining among the big three to rate SA as investment grade economy, said given government’s fiscal challenges, it expected less financial support for the Land..
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State-owned Landbank becomes the first State Owned Enterprise to be downgraded to junk by Moody’s
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