Major Boost for South Africa as Fitch Upgrades Sovereign Credit Rating for First Time in 21 Years

Fitch lifts South Africa rating in first upgrade in two decades

Fitch Ratings raised South Africa's credit rating on Friday, citing stronger fiscal discipline and lower-than-expected debt, marking its first upgrade of the country in more than two decades.

Major boost for South Africa as Fitch upgrades sovereign credit rating for first time in 21 years

Fitch lifts South Africa's credit rating in first upgrade in TWO decades

Fitch Ratings raised South Africa’s credit rating on Friday, citing stronger fiscal discipline and lower-than-expected debt, marking its first upgrade of the country in more than two decades. The agency lifted the rating one notch to ‘BB’ from ‘BB-‘, keeping it below investment grade. Posted primary fiscal surpluses “The upgrade primarily reflects South Africa’s record of prudent fiscal management and progress on fiscal consolidation, despite we…

Fitch Lifts South Africa Rating In First Upgrade In Two Decades : The Africa

Fitch Ratings raised South Africa`s credit rating on Friday, citing stronger fiscal discipline and lower-than-expected debt, marking its first upgrade of the country in more than two decades.

Fitch upgrades South Africa's credit rating in first sovereign boost in 21 years

South Africa has received a major vote of confidence from global credit ratings agency Fitch Ratings, which upgraded the country’s long-term foreign and local currency credit ratings to BB from BB-, marking the first upgrade by the agency in almost 21 years. The upgrade, announced on Friday, reflects what Fitch described as South Africa’s prudent fiscal management and progress in consolidating public finances despite weak economic growth and a s…

Fitch upgrades South Africa’s credit rating after 21 years - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Rating agency Fitch has upgraded South Africa’s long-term currency credit rating from double-B-minus to double-B, and the outlook remains stable. This marks Fitch’s first rating upgrade for the country in nearly 21 years. Fitch says the decision reflects the government’s progress on fixing public finances. This comes despite weak economic growth and recent domestic and global shocks. The agency also praised South Africa’s low levels of foreign c…