South Africa
SA remains on BB- rating─── 11:33 Sat, 22 May 2021
Government says it's aware of the pressures on the country’s credit ratings and remains committed to addressing them.
S&P has affirmed South Africa’s long-term foreign and local currency debt ratings at ‘BB-minus' and ‘BB’, respectively, with a stable outlook.
Fitch affirms both ratings at ‘BB-minus’ with a negative outlook.
Fitch says challenges remain, including high government debt, low growth and the slow vaccine rollout.
It expects the South Africa economy to grow by 4.3 percent this year and 2.5 percent in 2022.
