Standard and Poor

National Treasury says it has noted the decision announced by Standard and Poor's (S&P) Ratings Agency to revise down the country's outlook. S&P lowered South Africa's long-term foreign currency credit rating to 'BBB-' from 'BBB' and the long-term local currency rating to 'BBB+' from 'A-'. In addition, S&P has revised South Africa's outlook to stable from negative. The ratings agency said the main reasons for revising down South Africa's rating arise largely from slow Gross … [Read more...] about Slow GDP and long term strikes given as reasons for lower SA financial ratings