(Bloomberg) -- Investors are betting South Africa will escape a fourth credit-rating downgrade in less than a year. The cost of insuring the country's sovereign debt against default for five years using credit-default swaps fell to a five-year low Monday. Moody's Investors Service is reviewing the nation's assessment later this month after cutting the debt one level in June, following downgrades by S&P Global ratings and Fitch Ratings in April.
To contact the reporter on this story: Colleen Goko in Johannesburg at cgoko2@bloomberg.net.
To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Robert Brand
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