S&P revises South Africa’s outlook to positive ...Middle East

Cape Town: South Africa welcomed the ratings agency Standard & Poor’s (S&P) Global’s decision to revise the country’s outlook from “stable” to “positive,” citing improved reform and growth potential. In a statement released late on Friday night, S&P said: “The positive outlook reflects our view that increased political stability following the May general elections and impetus for reform could boost private investment and GDP growth, Xinhua news agency reported. However, the rating agency maintained South Africa’s long-term foreign and local currency debt ratings at “BB-” and “BB,” respectively, both of which remain below investment grade. According to S&P, since the formation of South Afric

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S&P revises South Africa’s outlook to positive ...Middle East

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