S&P Affirms South Africa’s Credit Rating, Maintains Positive Outlook

Rating upgrades make SA more attractive for investment: Ramaphosa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

ANC President Cyril Ramaphosa has welcomed South Africa’s sovereign credit rating by global rating agencies Moody’s and Standard & Poor (S&P)as good news for the country.  He was speaking to SABC News on the sidelines of the launch of the African National Congress (ANC)’s voter registration drive in Riverside View in Diepsloot, North of Johannesburg. In an announcement earlier Saturday, S&P maintained the country’s sovereign credit rating at dou…

Sp Maintains Sas Bb Rating Keeps Positive Outlook : The Africa

Global ratings agency, S P has maintained the South Africa`s sovereign credit rating at double-B, keeping its outlook positive. ?The agency expects improved tax collections and strict spending contr

S&P affirms South Africa’s credit rating, maintains positive outlook

South Africa has received a vote of confidence from S&P Global Ratings, which has affirmed the country’s long-term foreign currency sovereign credit rating at ‘BB’ and its local currency rating at ‘BB+’, while maintaining a positive outlook. The decision reflects growing confidence in the country’s fiscal consolidation efforts and progress on structural reforms, even amid a challenging global economic environment. According to S&P, South Africa’…

S&P affirms SA credit rating, keeps positive outlook on fiscal reforms

Thebe Mabanga S&P has affirmed South Africa credit rating, praising the country’s credit reforms, debt stabilisation and revenue collection despite a poor growth outlook for the medium term. The ratings update was released on Friday night. “Government notes the decision by S&P Global Ratings to affirm South Africa’s long-term foreign currency sovereign credit rating at ‘BB’ and local currency rating at ‘BB+’, and to maintain the positive outlook…

S&P affirms South Africa’s ratings as fiscal reforms gain ground amid global turbulence

South Africa has received another vote of confidence from international credit rating agency S&P Global Ratings, which has affirmed the country’s long-term foreign currency sovereign credit rating at BB and its local currency rating at BB+, while maintaining a positive outlook. The decision, announced on Friday, comes just a week after fellow ratings agency Moody’s revised South Africa’s outlook from stable to positive, signalling growing confid…