Fitch upgrades South Africa’s credit rating on prudent fiscal management

Credit rating agency Fitch on Friday upgraded South Africa’s long-term sovereign rating by one notch to ‘BB’ from ‘BB-‘, citing prudent fiscal management despite weak growth and economic shocks. Fitch said in a statement that it saw South Africa’s debt to gross domestic product (GDP) levels well below those anticipated when it downgraded the country… Source

Fitch upgrades South Africa’s credit rating on prudent fiscal management
Credit rating agency Fitch on Friday upgraded South Africa’s long-term sovereign rating by one notch to ‘BB’ from ‘BB-‘, citing prudent fiscal management despite weak growth and economic shocks. Fitch said in a statement that it saw South Africa’s debt to gross domestic product (GDP) levels well below those anticipated when it downgraded the country…

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