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Fitch downgrades SA’s debt

January 10 2013 at 09:01pm
By SAPA

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IOL news nov 15 of money_feb 17

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Paris - The ratings agency Fitch said Thursday that it has downgraded South Africa's sovereign debt by one notch to 'BBB' and added that the outlook was stable.

“Economic growth performance and prospects have deteriorated, affecting the public finances and exacerbating social and political tensions,” a Fitch statement said explaining the key reason for its action. - Sapa-AFP


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