South Africa has earned a significant nod from international markets after S P Global Ratings lifted the country's long-term sovereign credit ratings, its first upgrade for the country by a major rating agency in more than a decade.
The improved ratings follow the fiscal outlook presented in this week's 2025 Medium Term Budget Policy Statement MTBPS, as the decision highlights renewed confidence in government finances and stabilisation efforts.
As reported by Moneyweb , S P raised South Africa's foreign currency long-term sovereign credit rating to from , while the local currency rating increased to from .