TEXT-Fitch:South African Corp rtg actions stabilising in H110

Newswire

(The following statement was released by the ratings agency) Aug 25 - Fitch Ratings says in a new report that South Africa's corporate ratings stabilised in H110, but notes that further risks exist for the rest of the year and 2011 amid challenging market and trading conditions. The industry's medium-term fundamentals are considered stable, but cyclical sectors, notably construction and heavy industry, may lag a recovery in the broader economy by up to 18 months. "Fitch expects that ...

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