{"id":230843,"date":"2022-07-08T16:36:15","date_gmt":"2022-07-08T14:36:15","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/treasury-on-rating-action-of-fitch-ratings?lang=en"},"modified":"2022-07-08T16:36:15","modified_gmt":"2022-07-08T14:36:15","slug":"treasury-on-rating-action-of-fitch-ratings","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/treasury-on-rating-action-of-fitch-ratings\/","title":{"rendered":"Treasury on Rating Action of Fitch Ratings"},"content":{"rendered":"<p><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/912c4d03d14212b\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/912c4d03d14212b\" alt=\"South African Government\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/912c4d03d14212b\">Download logo<\/a><br \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/africarc\/loganalytics?press_id=207639&amp;press_source=South African Government\" width=\"1\" height=\"1\" \/><\/p>\n<p>Government notes Fitch&rsquo;s decision to affirm South Africa&rsquo;s long term foreign and local currency debt ratings at &lsquo;BB-&rsquo; and maintain a stable outlook.<\/p>\n<\/p>\n<p>According to Fitch, the affirmation takes into consideration that the government&rsquo;s debt trajectory is lower than previously anticipated as well as recent improvements in several key credit metrics, including the current account balance. However, the agency anticipates debt stabilisation to remain a challenge.<\/p>\n<p>Government will continue to demonstrate its commitment to fiscal sustainability and enable long-term growth by narrowing the budget deficit and sizable debt. South Africa&rsquo;s steadfast commitment to restoring the sustainability of public finances is supported by better-than- expected revenue collection in the current fiscal year.<\/p>\n<p>According to the agency, South Africa&rsquo;s ratings are supported by a favourable debt structure with long maturities and denominated mostly in local currency as well as a credible monetary policy framework.<\/p>\n<p><i>Distributed by APO Group on behalf of South African Government.<\/i><\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download logo Government notes Fitch&rsquo;s decision to affirm South Africa&rsquo;s long term foreign and local currency debt ratings at &lsquo;BB-&rsquo; and maintain a stable outlook. According to Fitch, the affirmation takes into consideration that the government&rsquo;s debt trajectory is lower than previously anticipated as well as recent improvements in several key credit metrics, including the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-230843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/07\/treasury-on-rating-action-of-fitch-ratings.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/230843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=230843"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/230843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/230844"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=230843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=230843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=230843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}