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![Scope downgrades South Africa's credit ratings to BB, revises Outlooks to Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_6a3693b31b3934b6596b668539c1580e97cee457231fcd0109103e343c29c630.jpg)
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.
![Scope revises Outlook for South Africa's BB+ credit ratings to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_1dbd46f51c5685c2eb101da27e587050d72e46669bb3bba62bada47887aa38ee.jpg)
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.
![Scope publishes South Africa first-time sovereign rating of BB+ with Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_8d2a7d6bcedb4eaf2834e19ce78490b77b08a7d4fd33a95c3bc76223d2975c8e.jpg)
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.