Fitch Ratings kept SA’s credit rating unchanged on Wednesday and maintained its negative outlook, highlighting the risks posed by the country’s low growth, rising government debt and exposure to state-owned entities (SOEs).

The decision comes after both its peer ratings agencies, Moody’s Investors Services and S&P Global, changed their outlook on SA-issued government debt to negative from stable in the wake of finance minister Tito Mboweni’s medium-term budget policy statement (MTBPS). ..

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