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BRIEF - Moody's cuts 2 South African development institutions to Baa1

Oct 3 (Reuters) - Moody's cuts two South African development institutions to Baa1; outlook negative

(Caryn Trokie, New York Ratings Unit)

((Caryn.Trokie@thomsonreuters.com; 646-223-6318; Reuters Messaging: rm://caryn.trokie.reuters.com@reuters.net))

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