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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.


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