JOHANNESBURG, Dec 5 (Reuters) - The South African rand was steady on Friday, maintaining its break below the 17.00 level as investors awaited a Moody's rating review later in the day.
At 1656 GMT the rand traded at 16.9650 against the dollar, little changed from Thursday's closing level.
Domestically-focused investors will keep a keen eye on the Moody's credit rating review, with most already expecting an upgrade to a positive outlook from stable.
The rand has also been supported by recently issued government dollar-denominated eurobonds.
Central bank data showed on Friday that South Africa's net foreign reserves rose to $70.024 billion at the end of November from $69.364 billion in October.
On the Johannesburg Stock Exchange, the Top-40 index closed up 1.6%.
South Africa's benchmark 2035 government bond was slightly stronger, as the yield fell one basis points to 8.315%.
(Reporting by Anathi Madubela and Sfundo Parakozov; editing by Alexandra Hudson and Mark Heinrich)
