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The S&P Global logo is displayed on its offices in the financial district in New York City.
S&P Global on Friday upgraded South Africa‘s foreign currency long-term sovereign credit rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and lower contingent liabilities following performance improvements at the state-owned electricity utility, Eskom.
South Africa is now two notches below investment grade on the foreign currency rating.
Government welcomes S&P’s decision to upgrade South Africa’s foreign currency long-term sovereign credit rating to ‘BB’ from ‘BB-‘ and local currency long-term sovereign credit rating to ‘BB+’ from ‘BB’.
Government welcomes S&P’s decision to upgrade South Africa’s foreign currency long-term sovereign credit rating to ‘BB’ from ‘BB-‘ and local currency long-term sovereign credit rating to ‘BB+’ from ‘BB’. @GovernmentZA @GCISMedia pic.twitter.com/vxGBpmXZLB
— National Treasury RSA (@Treasury_RSA) November 14, 2025
