S&P sees SA moving in the right direction, but no ratings upgrade yet

Economists warn there is no guarantee of upgrades to junk-rated sovereign debt in the next two years

Even as S&P Global Ratings joined bigger rival Moody’s Investors Service in raising the outlook on SA’s rating, economists warn that there is no guarantee of upgrades to the country’s junk-rated sovereign debt in the next two years.

On Friday, S&P lifted the outlook on SA’s sovereign credit rating to positive and highlighted SA’s favourable terms of trade. Terms of trade compare the price of a country’s exports versus its imports...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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