Fitch downgrades South Africa's investment grade credit to lowest rating

564 views · Published 8 December 2015 · 2:24 · Indexed 23 October 2026

Channel: CGTN Africa · 2015 · News & Politics

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South Africa's investment grade credit rating is under serious threat after a downgrade last Friday and it could struggle to fund crucial infrastructure projects and restore economic growth. Fitch downgraded Africa's most industrialized economy by one notch to BBB-, the lowest investment grade category, citing the slowing economy.

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