Fitch takes grim view on SA, changing its outlook to negative
The ratings agency expects GDP growth of just 0.5% this year, lower than the Reserve Bank’s projection of 0.6%
26 July 2019 - 18:44
SA could plunge further into junk status after Fitch Ratings changed SA’s outlook to negative from stable on Friday, citing a widening in the budget deficit.
The credit ratings agency changed SA’s outlook on its long-term foreign-currency issuer default rating, while affirming the rating itself at BB+, one notch below sub-investment grade...
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