SA’s rating remains at BB- with a negative outlook for the time being. Credit rating agency Fitch says SA’s budget deficit in the fiscal year ending in March 2022 would likely be an improvement on projections from February this year.
This is owing to a "robust economic performance" and stronger-than-expected fiscal revenue in recent months.
That said, SA’s rating remains at BB- with a negative outlook for the time being. Credit rating agency Fitch has raised its forecast for SA’s economic growth and said the country’s budget deficit for the fiscal year will likely be smaller […]
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