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Fitch

Fitch (Fitch Ratings) is a global credit rating agency that evaluates the creditworthiness of governments, financial institutions, corporations and structured finance instruments. It is one of the three major credit rating agencies worldwide, alongside Moody's Ratings and Standard & Poor's, and is dual-headquartered in New York and London. Fitch assigns credit ratings that reflect its assessment of an issuer's ability to meet financial commitments, using a scale from AAA (highest credit quality) to D (default). These ratings are widely used by investors, regulators and issuers to gauge credit risk and inform investment decisions. The agency covers sovereign debt, bank ratings, corporate bonds, insurance companies and asset-backed securities across developed and emerging markets. Fitch maintains a significant presence in Africa, where it rates sovereign nations, banks and corporates, including South African entities such as major banks and real estate investment trusts. The agency is owned by Hearst Communications and Fimalac, a French holding company. Fitch Ratings was founded in 1914 by John Knowles Fitch, who introduced the AAA to D rating scale that became an industry standard. The agency merged with IBCA of London in 1997 and acquired other rating firms to expand its global footprint, establishing itself as a key player in international credit markets.

Fitch Updates


South Africa's Treasury welcomes Fitch upgrade to BB with stable outlook
8th June 2026 By: Schalk Burger

The National Treasury has welcomed credit rating agency Fitch’s decision to upgrade South Africa’s long-term foreign and local currency credit ratings to ‘BB’ from ‘BB-’ and to maintain its stable... 


Growthpoint Properties South Africa CEO Estienne de Klerk
Growthpoint achieves record-low pricing on R1.8bn oversubscribed bond issuance
5th June 2026 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Growthpoint Properties has successfully issued R1.8-billion in senior unsecured bonds in a significantly oversubscribed auction. The issue initially... 


Eskom's Megawatt Park head office
Fitch maintains Eskom's rating at B with a stable outlook
22nd May 2026 By: Schalk Burger

Credit ratings agency Fitch has maintained State-owned power utility Eskom's long-term local-currency issuer default rating at ‘B’ with a stable outlook. Fitch maintained Eskom’s senior unsecured... 


Finance Minister Enoch Godongwana
Moody’s says South Africa budget ‘confirms’ strong fiscal stance
26th February 2026 By: Bloomberg

South Africa’s latest budget painted an encouraging picture of improving public finances, according to Moody’s Ratings, while cautioning that “meaningful” debt reduction will require stronger... 


UNDP, UN ECA and African Peer Review Mechanism welcome African credit ratings upgrades
9th December 2025 By: Rebecca Campbell

The UN Development Programme (UNDP), the UN Economic Commission for Africa (ECA) and the African Peer Review Mechanism (APRM) have jointly welcomed recent upgrades of a number of African countries’... 


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