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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now