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