Saturday 16 December 2017
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africanews
22 days ago

South Africa s credit ratings remains unchanged-Fitch

Ratings firm Fitch kept both South Africa’s local and foreign currency credit ratings unchanged at BB+, one notch below investment grade, with a stable outlook, the agency said on Thursday. In April, Fitch downgraded South Africa’s credit rating to sub-investment grade after Zuma abruptly fired Pravin Gordhan as finance minister, saying it would likely result in a change in economic policy direction. “The affirmation reflects that while a number of developments point to a weaker fiscal outlook and cons

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