The Moody's blues: How low could South Africa's rating go?
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LONDON (Reuters) - Wednesday budget should decide the fate of South Africa's solitary remaining investment grade credit rating, but with many in the country already resigned to its loss the bigger question might be how low could it go.The fiscal plan envisages trimming a swollen deficit via a mix of spending cuts, setting the scene for a showdown that could further hobble an already ailing economy. A cut to junk by Moody's - following downgrades by S&P and Fitch in 2017 - would see the country..