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
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise