Posted March 26, 2023 by Comments

International rating agency Fitch on Wednesday left South Africa open to a further downgrade after it reaffirmed the country’s credit rating at one notch below investment grade and maintained its negative outlook.

Fitch said the country’s long-term foreign and local currency debt ratings remained worrisome at BB+, with low growth potential, high and rising government debt, large contingent liabilities and the risk of rising social tensions due to extremely high levels of inequality. READ MORE

Similar Posts:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.