Fitch downgrades SA’s debt

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By SAPA

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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