Treasury responds to ratings actions by Standard and Poor's and Fitch
13 Dec 2014
Government has noted ratings decisions by Standard and Poor's Rating Services (S&P) and Fitch Ratings (Fitch) on Friday.
Standard and Poor's Rating Services (S&P)
S&P has affirmed South Africa's long- and short-term foreign currency sovereign credit ratings at "BBB- / A-3". The agency also affirmed the local currency ratings at "BBB+/ A-2" and maintained a stable outlook on the rating.
S&P cited the following factors for affirming the sovereign rating: