The SA government has 'noted' ratings agency S&P Global’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at 'BB-' and 'BB' respectively and maintain a stable outlook, Treasury said on Saturday.
PRETORIA - The South African government has "noted" international ratings agency S&P Global’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at "BB-" and "BB" respectively and maintain a stable outlook, the National Treasury said on Saturday.
Government had acted decisively to prioritise the health and lives of all South Africans. It had now adopted a risk-adjusted approach to reopening the economy, with the initial easing of lockdown measures on May 1, and further easing expected from June 1, the Treasury said.
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