Treasury welcomes surprise S&P decision to raise SA credit rating outlook
The agency has been see-sawing between positive and stable outlooks over the past few years
15 November 2024 - 23:40
UPDATED 17 November 2024 - 23:07
S&P Global has given a surprise nod of approval to the government of national unity’s reform agenda, raising the outlook on SA’s rating from stable to positive in a move that could see it upgrade the rating if economic growth and the public finances improve faster than expected.
S&P retained its rating on SA on Friday night at three notches below investment grade but said the positive outlook reflected the potential for growth to be stronger than it expected and for government debt to stabilise if the new government could accelerate reforms while addressing infrastructure and fiscal pressures...
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