• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

Loading...
See More

Fitch affirms IDC ratings

Jan 15 2013 12:48 I-Net Bridge

Related Articles

IDC: Apple's ranking in China falls

IDC to issue green bond, divest shares

IDC in talks with China over loan

IDC to invest in platinum venture

IDC allocates billions for green economy

IDC expects to create 45 000 jobs

 
Johannesburg – Fitch Ratings has affirmed the Industrial Development Corporation's (IDC's) national long-term rating at 'AA(zaf)' and Short-term rating at 'F1+(zaf)'. The outlook is stable.

As IDC is only rated on the national scale‚ its ratings were not affected by the downgrade of SA's Long-tern foreign currency Issuer Default Rating (IDR) to 'BBB' from 'BBB+' and Long-term local currency IDR to 'BBB+' from 'A' on 10 January 2013‚ the ratings agency said on Tuesday.

Fitch said the main factors that could lead to a negative rating action are a dilution of government oversight and the dilution of government support if there were material deterioration of the IDC's asset classes.

The main factor that could lead to positive rating action is a more formalised support from the government‚ such as an explicit guarantee on all financial liabilities‚ it said.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

idc  |  fitch ratings

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...