WATCH: How Fitch added to SA’s ratings pain
RMB’s Kim Silberman talks to Business Day TV about the ratings agency’s decision to further SA’s status to junk
The local economy was dealt another blow on Friday when Fitch Ratings downgraded the country further into junk territory.
This took place just a week after Moody’s stripped SA of its last investment grade. Fitch has also maintained its negative outlook and expects our economy to contract by 3.8% in 2020 as the effect of the coronavirus becomes more prevalent. ..
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