Fitch leaves SA’s rating unchanged, flags contentious NHI

The ratings agency says the GNU has provided some certainty, but risks to political stability remain

​The ratings agency says the GNU has provided some certainty, but risks to political stability remain   

The international credit ratings agency Fitch Ratings has again kept SA’s credit rating unchanged, saying that while the formation of the government of national unity (GNU) has lowered short-term policy uncertainty, risks to political stability remain due to contentious issues such as the implementation of the national health insurance (NHI).

Fitch’s rating remains at BB- with a stable outlook, indicating an elevated vulnerability to default risk…

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