Citizen Reporter
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1 minute read
8 Jun 2016
11:58 am

Fitch affirms SA’s credit rating, keeps stable outlook

Citizen Reporter

Low GDP remains an issue for SA, regardless.

Picture: Thinkstock

Ratings agency Fitch has affirmed South Africa’s investment grade credit rating maintaining its stable outlook. They did, however, note that the low GDP in Africa’s most industrialised country posed a lasting risk.

“The ‘BBB-‘ rating reflects low trend GDP growth, significant fiscal and external deficits, and high debt levels, which are balanced by strong policy institutions, deep local capital markets and a favourable government debt structure,” Fitch have said in a statement.

More to follow…