Moody's downgrades Real People to Caa2; outlook negative
Limassol, February 28, 2017-- Moody's Investors Service has today downgraded Real People Investment Holdings Limited's global scale issuer rating to Caa2 from B3, and its national scale issuer rating to Caa2.za from B3.za. The outlook on the long-term GSR issuer rating is negative. Concurrently, Moody's affirmed Real People's short-term GSR and NSR issuer ratings at NP and NP.za.
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