(Reuters) - Rating agency Standard & Poor's said on Thursday it affirmed its foreign currency and local currency sovereign credit rating for South Africa and said its outlook was stable, citing prudent macroeconomic policies.
The agency said in a statement it affirmed the 'BBB+' long-term and 'A-2' short-term foreign currency, and 'A+' long-term and 'A-1' short-term local currency, sovereign credit ratings on Africa's economic powerhouse, as well as the 'zaAAA' long-term and 'zaA-1' short-term national scale ratings.
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The agency said in a statement it affirmed the 'BBB+' long-term and 'A-2' short-term foreign currency, and 'A+' long-term and 'A-1' short-term local currency, sovereign credit ratings on Africa's economic powerhouse, as well as the 'zaAAA' long-term and 'zaA-1' short-term national scale ratings.
Read more at Reuters Africa
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