SA ‘dodges a bullet’ as S&P holds steady
Ratings agency has previously highlighted the many headwinds the country faces including slow economic growth and reforms, and the electricity crisis
19 May 2023 - 22:39
UPDATED 21 May 2023 - 23:00
S&P Global Ratings retained SA’s credit outlook at stable on Friday while choosing not to release a report on its semi-annual review. This after an unscheduled announcement in March when it revised the outlook downwards.
Though S&P’s decision to retain the credit outlook and maintain SA’s debt at BB- was in line with economists’ expectations, it comes at a time that the country’s economic prospects have deteriorated...
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