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World
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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.
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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.
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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.
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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.
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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.
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Fitch downgrades Hong Kong after months of protests
Hong Kong’s rating outlook is negative, Fitch Ratings said on Friday.
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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%.
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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.
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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.
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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.
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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.
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Fitch expresses concerns following Mboweni’s MTBPS
The agency has given its verdict on the budget speech, presented by the minister on Wednesday.
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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.
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CEO Initiative welcomes Fitch’s decision to retain SA rating
Fitch says South Africa’s rating is weighed down by a low growth trend, sizeable government debt and contingent liabilities.
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Signs show SA economy is growing - Treasury
Treasury says it believes changes in political leadership have led to a significant improvement in economic confidence and government is prioritising inclusive growth.
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#RandReport: Rand weaker for third day; Fitch eyed
At 1542 GMT, the rand traded at 13.1225 per dollar, 0.3% weaker and not far from a year low of 13.2875 per dollar struck on Friday.
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Ramaphosa: Other ratings agencies must be convinced to review negative rating
On Friday Moody’s kept the country’s credit rating at investment grade, changing its outlook from negative to stable.
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Moody’s keeps SA’s credit ratings unchanged
Moody’s says state institutions look set to gradually reverse their positions, under a more transparent and predictable policy framework.
