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Ratings agency Moody's warned of South Africa about its dismal economic performance on Tuesday, saying that its national rating to be downgraded if the official commitment to fiscal consolidation and debt stabilisation faltered.
In a research note, Moody's said its growth forecast for South Africa had been revised down to 2 percent in 2015, and would not reach to 3-percent-level as of 2017, even for the optimistic estimate.
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