sa credit stable

13 July 2007 - 02:00
By unknown

Rating agency Standard & Poor's affirmed its BBB+ long-term and A-2 short-term foreign currency, and its A+ long-term and A-1 short-term local currency and sovereign credit ratings of South Africa. The outlook is stable. "The ratings on the Republic of South Africa are supported by its prudent macroeconomic policies, a moderate debt burden, and strong and stable political institutions," said Standard & Poor's credit analyst Farouk Soussa from Paris. - I-Net Bridge

Rating agency Standard & Poor's affirmed its BBB+ long-term and A-2 short-term foreign currency, and its A+ long-term and A-1 short-term local currency and sovereign credit ratings of South Africa. The outlook is stable. "The ratings on the Republic of South Africa are supported by its prudent macroeconomic policies, a moderate debt burden, and strong and stable political institutions," said Standard & Poor's credit analyst Farouk Soussa from Paris. - I-Net Bridge