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Moody’s changes outlooks on five South African corporates
Moody’s Investors Service said it changed the outlooks on five South African companies to negative from stable following the change in outlook for the government of South Africa’s ratings to negative.
The companies are Growthpoint Properties Ltd., Redefine Properties Ltd., Barloworld Ltd., the Bidvest Group Ltd. and Telkom SA.
The agency affirmed the companies’ Baa3 issuer ratings.
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