UPDATE 1-Morgan Stanley cuts Zambia’s bonds to ‘dislike’ ahead of restructuring
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By Marc Jones
LONDON, May 20 (Reuters) –Morgan Stanley cut Zambia’s soon-to-be-restructured government bonds to a “dislike stance” on Monday, saying the prices of the bondswere now “very optimistic” in light of the country’s worstdrought in 40 years.
Zambia’s bondholders are…
