South Africa: Fitch Affirms SA's Ratings, With Stable Outlook

The decision by international ratings agency Fitch to affirm South Africa's credit rating is fair given the tough global economic climate and the government's commitment to its fiscal plan, the National Treasury said in a statement on Wednesday.

The government was responding to Fitch's affirmation of the country's long-term foreign and local currency issuer default ratings at BBB and BBB+, respectively.

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