SA gets investment grade rating from new rating agency

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Sovereign Africa Ratings has given SouthAfrica a better rating than expected. Moneyweb investment

South Africa generally has a good credit quality and its default risk currently remains low, according to Sovereign Africa Ratings . Read: FSCA grants licence to Sovereign Africa Ratings The agency announced its findings on the country’s creditworthiness on Friday, giving South Africa a BBB long-term and B+ short-term rating, with a stable outlook.

Promising to be different and more well-rounded in its assessments, SAR has committed to better serving the continent’s interests. “Our approach is to be modern, to offer sovereign ratings in an accountable way and in a responsible way which is not based on the narrow interest of those who do not care how the economy progresses, how the sovereigns that they rate fare, because they feel it is not their responsibility, it’s not part of their mandate,” says CEO Sifiso Falala.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I have lost so much through investing cause I was new and didnt meet the right Account manager to invest with I was at the verge of quitting till I was introduced to Austin_Netzley1 and my story changed. It’s worth a try I can testify this platform Austin_Netzley1

I stayed at home for several months after I lost my job,I felt really bad at first, but a friend of mine introduced me to this Man I really counted on him because l needed to feed my kids, I just want to appreciate him for integrity. Join him now Austin_Netzley1

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE, rand bleed amid global market meltdown | Fin24Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation. | News24_Business _Business Currency marketing has changed my life I invested $900 in just days of trading I realized $7900 and extra bonus of $900 worth of bitcoins Lisa_berry5
Source: News24 - 🏆 4. / 80 Read more »