SA gets investment grade rating from new rating agency.

South Africa generally has a good credit quality and its default risk currently remains low, according to Sovereign Africa Ratings (SAR). The agency announced its findings on the country’s creditworthiness on Friday, giving South Africa a BBB long-term and B+ short-term rating, with a stable outlook. Its views of the country’s sovereign status contradict those of the ‘big three’ – Moody’s Investors Service, S&P Global Ratings and Fitch Ratings – which together account for about 95% of international rating activity, having all been around for over a hundred years <a href="https://kaya959.co.za">Kaya 959</a>