Fitch latest ratings agency to downgrade South Africa to junk

Ratings agency Fitch has followed rival S&P and downgraded South Africa’s sovereign credit rating. Fitch downgraded South Africa to ‘BB+’ from ‘BBB-‘. Like S&P Global Ratings, which cut South Africa’s foreign currency debt to speculative grade or “junk” status in an unscheduled review ont Monday, Fitch cited the political tensions and the sacking of finance … Continue reading Fitch latest ratings agency to downgrade South Africa to junk