South Africa (SA) has received a credit rating boost from Sovereign Africa Ratings (SAR). The agency has upgraded the country's long-term and short-term issuer credit ratings from 'BBB' and 'B' to 'BBB+' and 'B+', respectively, for both foreign and local currency.

The outlook on the long-term rating remains stable. SAR's assessment reflects confidence in the country's creditworthiness and expectations that the National Treasury will take steps to stabilise public finances.

This includes implementing fiscal policies aimed at managing debt and curbing rising debt-service costs in the medium term.  

Zwelibanzi Maziya the Chief Operating Officer of Sovereign Africa Ratings, spoke to channel Africa business reporter Innocent Semosa.

South Africa (SA) has received a credit rating boost from Sovereign Africa Ratings (SAR). The agency has upgraded the country's long-term and short-term issuer credit ratings from 'BBB' and 'B' to 'BBB+' and 'B+', respectively, for both foreign and local currency.
The outlook on the long-term rating remains stable. SAR's assessment reflects confidence in the country's creditworthiness and expectations that the National Treasury will take steps to stabilise public finances.
This includes implementing fiscal policies aimed at managing debt and curbing rising debt-service costs in the medium term. &nbsp;
Zwelibanzi Maziya the Chief Operating Officer of Sovereign Africa Ratings, spoke to channel Africa business reporter Innocent Semosa.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.