# Standard and Poor’s has affirmed South Africa’s credit ratings at sub-investment grade BB for foreign currency, and BB for local currency. Experts say the outlook remains positive, reflecting hope for a future upgrade if reforms continue. Despite fiscal consolidation efforts, risks like slow growth and rising debt, projected to average 80-percent of gross domestic product remain. The credit rating agency forecasts 1.5-percent average GDP growth over three years, supported by reforms such as Operation Vulindlela.
Standard and Poor affirms SA’s credit rating, maintains positive outlook