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Picture: Supplied.

Fitch ratings

Fitch revises South Africa's outlook from negative to stable

By Ray White

This comes as the country battles to get its economy back on track due to the COVID-19 lockdown.

  • This picture taken on 17 January, 2012 shows a close-up of a page of the Ratings agency Fitch website. Picture: AFP.

    S&P Global, Fitch affirm SA’s ratings – govt acknowledges pressures

    S&P said it affirmed South Africa's long-term foreign and local currency debt ratings at 'BB minus' and 'BB', respectively.

    367 days ago
  • Finance Minister Tito Mboweni delivering his Supplementary Budget on 24 June 2020. Picture: GCIS

    Mboweni: Fitch & Moody's credit rating downgrades painful

    Reacting to the news, Finance Minister Tito Mboweni said that there was an urgent need for government and its social partners to implement structural reforms to avoid further harm to the country's sovereign rating.

    549 days ago
  • Picture: Supplied.

    South Africa faces battle to rein in spending - Fitch

    Ratings agency Fitch said the country had a poor track record of delivering debt and spending cuts.

    686 days ago
  • Picture: Supplied.

    Land Bank debt default draws attention to SOE's finances

    Land Bank is one of several state-owned firms that are facing financial difficulties and piling pressure on President Cyril Ramaphosa’s cash-strapped government as it scrambles to revive a recession hit-economy.

    760 days ago
  • FILE: Finance Minister Tito Mboweni. Picture: EWN

    DA: Ratings downgrades should be wakeup call for government

    On Thursday Fitch downgraded the country's credit rating to BB with a negative outlook, while Moody's dropped it to junk status last week.

    779 days ago
  • Picture: Supplied.

    Treasury notes Fitch downgrade, commits to work towards recovery

    Fitch has downgraded South Africa's credit rating to BB from BB+, while also assigning a negative outlook.

    780 days ago
  • Picture: Supplied.

    Fitch downgrades SA's credit rating to BB with negative outlook

    This comes after Moody's put the country in junks status a week ago.

    781 days ago
  • Picture: Supplied.

    Fitch holds SA currency debt ratings at BB+ with negative outlook

    The ratings agency said that the country's ratings were constrained by low growth potential, high and rising government debt, large contingent liabilities as well as the risk of rising social tensions due to extremely high inequality.

    888 days ago
  • Finance Minister Tito Mboweni at a media briefing after delivering the Medium-Term Budget Policy Statement in Parliament on 30 October 2019. Picture: @TreasuryRSA/Twitter

    Mboweni: Ratings agencies not impressed with MTBPS

    The Finance Minister said that his mid-term budget review – which painted a bleak picture of the country’s finances – had not gone down well with international ratings agency Fitch.

    936 days ago
  • An Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Picture: AFP

    Fitch downgrades Saudi credit ratings over military tentions

    The agency said in a statement it had lowered Saudi Arabia's long-term foreign-currency issuer rating from A+ to A, with a stable outlook.

    967 days ago
  • Protesters react after police fired tear near the government headquarters of Hong Kong on 31 August 2019. Thousands of pro-democracy protesters defied a police ban on rallying in Hong Kong on 31 August, a day after several leading activists and lawmakers were arrested in a sweeping crackdown. Picture: AFP.

    Fitch downgrades Hong Kong after months of protests

    Hong Kong’s rating outlook is negative, Fitch Ratings said on Friday.

    992 days ago
  • Picture: EWN.

    Rand, bonds tumble as Moody's and Fitch warn of Eskom risk

    At 1600 GMT, the rand was 1.24% weaker at 14.2650 per dollar, bringing its weekly losses to more than 3%.

    1033 days ago
  • Picture: Supplied.

    Apparent ANC victory could mean major economic policy shift unlikely - Fitch

    The agency also said the apparent victory of the African National Congress was consistent with the view that a major economic policy shift was unlikely.

    1110 days ago
  • Picture: www.treasury.gov.za.

    Treasury focuses on regaining SA's investment grade status

    Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at BB+ with a stable outlook.

    1265 days ago
  • Picture: Supplied.

    Fitch affirms SA’s rating at BB+ with stable outlook

    It’s the third major agency to keep its rating unchanged with Fitch and S&P Global keeping South Africa at sub-investment grade.

    1265 days ago
  • Picture: Supplied

    Fitch keeps ratings of SA’s major banks unchanged

    The banks all have the same rating as Fitch says this reflects the overall outlook for the country.

    1285 days ago
  • FILE: This picture taken on 17 January, 2012 shows a close-up of a page of the Ratings agency Fitch website. Picture: AFP.

    Fitch expresses concerns following Mboweni’s MTBPS

    The agency has given its verdict on the budget speech, presented by the minister on Wednesday.

    1306 days ago
  • Picture: Supplied.

    Fitch notes Mboweni lowered SA revenue projections to be more realistic

    The agency has given its verdict on the mid-term budget speech presented by Finance Minister Tito Mboweni on Wednesday.

    1307 days ago
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