S&P affirms S.Africa's rating, outlook stable - CNBC Africa

S&P affirms S.Africa's rating, outlook stable

Financial

by Reuters 0

Standard & Poor's affirmed South Africa's credit rating on Friday.

Standard & Poor's affirmed South Africa's credit rating on Friday, saying tax increases should limit fiscal risks in the next three years.

"We are affirming our long- and short-term foreign currency sovereign credit ratings on South Africa at 'BBB-/A-3'," S&P said in a statement, adding it had kept the outlook stable.

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