Fitch cuts South Africa's credit rating to 'junk'
Published Fri, Apr 7, 2017 · 03:13 PM
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan