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

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Published Fri, Apr 7, 2017 · 03:13 PM

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[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

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