Daily Maverick
Africa · 3 hrs ago
✦ 78◉ Centre
ON THE UP: Fitch lifts SA’s credit rating, citing ‘prudent fiscal management’
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Quality 78/100
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◉ Centre ✓ Fair headline
Fitch has upgraded South Africa's credit rating, recognizing prudent fiscal management, though the country remains two notches below investment grade status across all three major ratings agencies.
ON THE UP: Fitch lifts SA’s credit rating, citing ‘prudent fiscal management’
All three ratings agencies have now pegged South Africa two notches below the coveted investment grade status that the country once wore like a badge of honour, which underscores the challenge of reaching that peak again after the country’s descent into junk.
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