World Business News

A round up of the latest news for those doing business internationally

South Africa outlook downgraded by Fitch

Zone(s): South Africa ¦ Sector(s): Economy
[13 June 2014, BBC News] Credit ratings agency Fitch has warned South Africa that its credit rating may be lowered following a five-month platinum strike in the country.

Fitch changed the country’s outlook from stable to negative, citing poor economic prospects and rising public debt.

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