S&P Global Upgrades South Africa’s Credit Rating for First Time Since 2005

S&P Global Ratings has raised South Africa’s credit rating for the first time since 2005, citing improvements in the country’s economic growth and fiscal trajectory. The upgrade moves the nation’s rating up by one notch to BB, placing it just two notches into “junk” status. The agency maintained a positive outlook, highlighting the potential for further improvement in South Africa’s fiscal metrics, according to a statement released on Friday. Independent […]