Fitch dumps SA in the trash

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - Fitch Ratings on Friday became the second global ratings agency to cut the country’s credit status to sub-investment grade, sending South African dollar bond yields to a year high and causing the rand to weaken.

Fitch’s move marked the first time that the agency had downgraded the country to junk status since June 27 2000.

On Monday, S&P Global was the first agency to cut South Africa’s credit rating to junk status.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.27
(-0.8)
GBP/ZAR
19.85
(-0.7)
EUR/ZAR
17.19
(-0.4)
AUD/ZAR
11.06
(-0.7)
JPY/ZAR
0.13
(-0.7)
Gold
1,793.16
(+0.4)
Silver
26.73
(+0.9)
Platinum
1,239.50
(+0.8)
Brent Crude
68.96
(+0.1)
Palladium
2,964.12
(-0.4)
All Share
67,261
(-0.1)
Top 40
61,406
(-0.2)
Financial 15
12,542
(+1.5)
Industrial 25
85,591
(-0.1)
Resource 10
69,662
(-1.0)
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1376 votes
No, I did not.
52% - 3425 votes
My landlord refused
27% - 1821 votes
Vote