# Cosatu has welcomed Fitch’s decision to upgrade South Africa’s long-term foreign and local currency credit ratings to ‘BB’ from ‘BB-’ and maintain the stable outlook. This is the second upgrade by a ratings agency for South Africa in the past month. Cosatu spokesperson, Matthew Parks says it’s a sign of growing international confidence that South Africa’s efforts to renew itself, fix the state, grow the economy and create jobs are gathering momentum:
Cosatu welcomes Fitch’s decision to upgrade South Africa’s to BB [SOUND]
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