Government of National Unity | Fitch statement is premature - Expert

JOHANNESBURG - Engagements between political parties continue this week, in an attempt to form a new government.

Everyone is anxiously waiting with baited breath to see the composition of the government of national unity, including rating agencies.

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Fitch Ratings has warned that the ANC’s pursuit of coalition partners to retain its governance mandate could significantly affect South Africa’s credit profile.

These comments have been slammed by the African Peer Review Mechanism, who accuse the rating agency of getting involved in politics and pre-empting coalition negotiations.

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Lead expert on credit rating agencies Dr Misheck Mutize, says the statement by Fitch is premature.   

Dr Misheck Mutize, the lead expert on Credit Rating Agencies at the African Peer Review Mechanism, discussed this with eNCA above.