Inequality, slow vaccine roll-out leads agencies to keep SA s credit rating unchanged Updated
Christelle du Toit
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According to Fitch, South Africa’s rating is constrained by high and rising government debt, low trend growth, and exceptionally high inequality that will complicate consolidation efforts.
Gauteng Provincial Government
Government says it has noted the rating decisions by S&P and Fitch to keep the country s long term foreign and local currency debt ratings at ‘BB-’and ‘BB’, respectively.
S&P left the country s outlook as stable while Fitch decided on a negative outlook in its latest rating announcement.
According to Fitch, South Africa’s rating is constrained by high and rising government debt, low trend growth, and exceptionally high inequality that will complicate consolidation efforts.
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