Announcements
Drinks
6/10/2023 Rating announcement EN
Scope downgrades South Africa's credit ratings to BB, revises Outlooks to Stable
Rising debt and weakening in economic growth drive rating downgrade. Large and well-diversified economy, a favourable debt profile, a credible monetary policy framework and resilient banking system alongside deep capital markets remain credit strengths.
21/4/2023 Rating announcement EN
Scope revises Outlook for South Africa's BB+ credit ratings to Negative
Rising debt and weakening in economic growth drive Outlook change. Large and well-diversified economy, a favourable debt profile, a credible monetary policy framework and a resilient banking system alongside deep capital markets support ratings.
28/10/2022 Rating announcement EN
Scope publishes South Africa first-time sovereign rating of BB+ with Stable Outlook
Large and well-diversified economy, favourable debt profile and market access, credible monetary policy framework and resilient banking system support ratings. Moderate economic growth potential, rising debt and socio-economic risk reflect challenges.