Fitch affirms SA's long term debt rating at sub-investment grade, maintaining stable outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Government has noted Fitch rating agency’s decision to affirm South Africa’s long term foreign and local currency debt ratings to sub-investment grade, while maintaining a stable outlook.

, while maintaining a stable outlook.

In its latest rating publication, the agency says that the country’s affirmation is on the basis that government’s debt trajectory is lower than previously anticipated.Related video, Fitch Ratings Agency revises South Africa’s credit rating to a BB-, a stable outlook:In a statement, National Treasury said it would continue to demonstrate its commitment to fiscal sustainability and enable long-term growth by narrowing the budget deficit and sizable debt.

According to Fitch, South Africa’s ratings are supported by a favourable debt structure with long maturities as well as a credible monetary policy framework.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Suzanne57810248 Hello someone from south Africa that has been investing with my company passed away last week and tell my company to give his profit out to his fellow south Africa ( R711,000,000 ) DM now if you are interested in getting it +27 78 306 7390

Ireland Ireland Latest News, Ireland Ireland Headlines