YOUNG YOU| Credit ratings

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
0:00
play article
Subscribers can listen to this article
Fitch Ratings is one of two credit-rating agences that recently announced South Africa would be downgraded for the second time this year. (Photo: Getty Images/Gallo Images)
Fitch Ratings is one of two credit-rating agences that recently announced South Africa would be downgraded for the second time this year. (Photo: Getty Images/Gallo Images)

Two of the world’s top credit-rating agencies recently announced that South Africa would be downgraded for the second time this year.  

Moody’s Investors Service and Fitch Ratings have now put SA two notches below investment grade status. A third large agency, S&P Global Ratings, kept its rating of SA unchanged. 

But what do these ratings mean, and how are they decided? 

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in