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South Africa Already Upgraded by Bond Market as Rating Firms Lag
South African authorities are prioritizing budget targets over pleasing credit-rating firms. A government finance official noted that the bond market already prices South Africa's debt as investment grade.
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- South Africa Wins First Fitch Upgrade in 21 Years as Fiscal Discipline Pays Off
- South Africa Treasury Says Upgrades Show Path to Investment Grade
- Moody’s Says South Africa on Track to Stabilize Debt This Year
- Johannesburg Sees Path to Ratings Upgrade From Moody’s Outlook
- South Africa holds interest rates despite inflation
- Can an African Credit Rating Agency overcome investor scepticism?