(Reuters) - Ratings agency Fitch raised its outlook on South Africa's 'BBB+' sovereign credit rating to positive from stable on Wednesday, citing the country's rapid economic growth and improved prospects.
"The change in outlook reflects South Africa's improved growth performance and prospects as a result of rapidly rising public and private investment and ongoing micro-reforms in the economy," Veronica Kalema, a director in Fitch's sovereign team, said in a statement.
Read more at Reuters Africa
"The change in outlook reflects South Africa's improved growth performance and prospects as a result of rapidly rising public and private investment and ongoing micro-reforms in the economy," Veronica Kalema, a director in Fitch's sovereign team, said in a statement.
Read more at Reuters Africa
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