Fitch Ratings Sub-Saharan Monthly Newsletter - March 2012

Welcome to the Sub-Saharan Monthly Newsletter prepared by our Johannesburg office.
This newsletter provides you with a summary of some of the topical rating activities that have taken place in the region in the last month. Please note that this newsletter is not intended to cover every rating action, and you should continue to use our website http://www.fitchratings.com to ensure that you remain fully updated.

You should have no problem accessing the links below, with the only requirement being a once off initial registration (if you have not already done so). There is no charge to registering on our public website.

For further information please do not hesitate to contact the Business & Relationship Management team at south.africa@fitchratings.com, alternatively by telephone at +27 11 290 9400. We hope you enjoy our new initiative and look forward to any comments you might have in due course.


Rating Action Commentaries
02 March 2012 Fitch Publishes Mortgage Loss Criteria for South Africa
06 March 2012 Fitch Revises Akwa Ibom State's Outlook to Positive
06 March 2012 Fitch Affirms 4 Nigerian States
07 March 2012 Fitch: Nigerian States' Revenue Dependence on Oil Rising
08 March 2012 Fitch: South African Banks Need Higher Provisioning
09 March 2012 Nigerian Banks' Ratings Indicate Highly Speculative Fundamental Credit Quality
15 March 2012 Fitch: African SOEs' Ratings Closely Linked to Sovereign Ratings
27 March 2012 Fitch Compares Nigeria with Newly Investment Grade Sovereigns
27 March 2012 Fitch Replaces 2010 South Africa Mortgage Loss Criteria Addendum with 2012
28 March 2012 Fitch Affirms Momentum's and MetLife's IFS at 'AA(zaf)'; Outlook Stable
28 March 2012 Fitch Downgrades Second Loss Subordinated Loan of Ikhaya RMBS 2 Ltd
29 March 2012 Fitch Affirms South Africa's District Municipality of Nkangala at 'BBB+'/'AA-(zaf)'

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