S&P keeps South Africa’s credit rating at junk status
Ratings agency Standard and Poor’s has kept the country’s credit rating at junk status. It says South Africa continues to face economic growth challenges. But, it acknowledges government’s efforts to foster economic and social reform. S&P held its credit rating on rand-denominated government bonds at one tier junk status, BB+ and foreign-currency denominated bonds at two-tier junk status, BB. It says since the ANC's national conference and the appointment of […]
