S&P Global Ratings lifted South Africa’s credit rating for the first time since 2005, citing the nation’s improving growth and fiscal trajectory.
The credit assessor upgraded the nation’s rating by a notch to BB, just two notches into junk. S&P kept a positive outlook on the nation as there’s potential for further improvement in fiscal metrics, according to a statement on Friday.
The ratings company said the reduction of liabilities from state-owned Eskom Holdings was due to the utility’s improved performance. The company has posted its…
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Vixen
Fun South African Fact: South Africa’s drinking water is rated 3rd best in the world for being “safe and ready to drink”.
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If I agreed with you then we would both be wrong