Loan bankers shrug off SA outlook downgrade

Fitch ratings
By Mariam Meskin
30 Jul 2019

Fitch downgraded its credit outlook of deeply-troubled South Africa on Friday, but loan bankers, both in and outside the country, are confident that a lack of primary EM supply and an established banking sector will keep margins tight and lenders attracted. At least for now.

Fitch downgraded South Africa's outlook from stable to negative, citing the deterioration of the country's fiscal metrics and the worsening debt situation of state power company Eskom. The move did not come as a surprise to spectators familiar with the South African market. 

Last week, the government announced a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.