You are here

Fitch cuts South Africa's credit rating to 'junk'

Friday, April 7, 2017 - 23:13

[JOHANNESBURG] Ratings agency Fitch said Friday it had cut South Africa credit rating to junk status, citing the recent political instability prompted by a cabinet reshuffle.

The agency downgraded the country's sovereign debt rating from 'BBB-' to 'BB+' but kept the outlook stable.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom