OREANDA-NEWS. September 07, 2015. Fitch Ratings has decided to withdraw its Financial Services Board (FSB) credit rating agency registration of its South African subsidiary, Fitch Southern Africa (Pty) Ltd.

The decision reflects Fitch's desire to maintain an optimal level of analytical resources in each geographic location in which it operates.

Fitch remains committed to providing transparency and forward looking credit opinions for issuers and investors across the African continent. Fitch is in active discussions with the FSB on how best to achieve this while respecting South African legislation.