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South Africa Rated Stable
South Africa Rated Stable

South Africa Rated Stable

South Africa Rated Stable

Fitch Ratings has revised South Africa’s outlook to negative from stable, while affirming the Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BBB-’, CNBC reported. The issue ratings on South Africa’s senior unsecured long-term foreign- and local-currency bonds have also been affirmed at ‘BBB-’. The Country Ceiling has been affirmed at ‘BBB’. The Short-Term Foreign and Local Currency IDRs and the issue ratings on senior unsecured short-term local currency securities have been affirmed at ‘F3’. The rating on the RSA Sukuk No. 1 Trust has also been affirmed at ‘BBB-’, in line with South Africa’s Long-Term Foreign Currency IDR.

 

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