S&P doesn’t see downside risks to SA’s sovereign rating

S&P Global Ratings does not see downside risks to South Africa‘s sovereign credit rating, its Africa regional manager said on Wednesday.

“A stable outlook at this point signals to you the risks are not stacked on the downside (or) medium term … unless obviously the situation would worsen again,” S&P Global’s Konrad Reuss said at an economic conference in Johannesburg.