Moody's could cut Real People

Moody's Investors Service said it placed the Baa3.za/ P-3.za national scale issuer ratings of Real People Investment Holdings (Pty) Ltd. on review for downgrade.

Moody's said this action follows the announcement of a significant deterioration in Real People's financial performance and the agency's view that the company's performance will remain weak given South Africa's challenging operating conditions.

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