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Moody's predicts 'slow recovery' for SA & Nigeria

The ratings agency says exposures to tightening global financing conditions vary across the sub-Saharan region.

Moody's Ratings agency. Picture: Facebook.

JOHANNESBURG – Moody's predicts South Africa and Nigeria will recover slowly, however, its warning growth will remain below levels seen in the first half of the decade.

The ratings agency says exposures to tightening global financing conditions vary across the sub-Saharan region.

Moody's says political risk remains a key credit constraint for sovereign nations in the region.

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