BACK OFF! AU warns Fitch Ratings against meddling in SA’s coalition negotiations

The African Union’s Peer Review Mechanism believes that ratings agency, Fitch’s comments on a preferred coalition is premature and unsubstantiated.The APRM, which undertakes routine analyses of rating actions and commentaries assigned by international credit ratings agencies to African Union Member States, warned that given Fitch Ratings command in the global financial markets, it viewed the comments as politically motivated and tantamount to political interference in the South Africa’s internal political affairs.Last week, Fitch Ratings stated that the result of the May 29 elections…