Current South Africa credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BB- positive 23 May 2022 outlook upgrade
Moody's Investors Service Ba2 - 4 Apr 2022 outlook upgrade
Fitch Ratings BB- - 16 Dec 2021 outlook upgrade
DBRS - -

South Africa: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR

South Africa Credit Ratings historical data

Not enough data.

Timetable of South Africa credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
23 May 2022 BB-
4 Apr 2022 Ba2
16 Dec 2021 BB-
21 Nov 2020 Ba2 BB-
30 Apr 2020 BB-
4 Apr 2020 BB
28 Mar 2020 Ba1
23 Nov 2019 BB
2 Nov 2019 Baa3
27 Jul 2019 BB+
24 Nov 2017 BB Baa3
9 Jun 2017 Baa3
7 Apr 2017 BB+
3 Apr 2017 BB+
25 Nov 2016 BBB-
4 Dec 2015 BBB- BBB-
6 Nov 2014 Baa2
13 Jun 2014 BBB- BBB
10 Jan 2013 BBB
12 Oct 2012 BBB
27 Sep 2012 Baa1
28 Mar 2012 BBB+
13 Jan 2012 BBB+
9 Nov 2011 A3
25 Jan 2011 BBB+
17 Jan 2011 BBB+
16 Jul 2009 A3
11 Nov 2008 BBB+
9 Nov 2008 BBB+
17 Jun 2008 BBB+
25 Jul 2007 BBB+
5 Jun 2007 Baa1
25 Aug 2005 BBB+
1 Aug 2005 BBB+
11 Jan 2005 Baa1
21 Oct 2004 BBB
7 May 2003 BBB
2 May 2003 BBB
26 Feb 2003 Baa2
12 Nov 2002 BBB-
20 Aug 2002 BBB-
29 Nov 2001 Baa2
27 Jun 2000 BBB-
19 May 2000 BB+
25 Feb 2000 BBB-
7 Feb 2000 Baa3
8 Oct 1998 Baa3
17 Jul 1998 Baa3
28 May 1998 BB
17 Feb 1998 BB
20 Nov 1995 BB+
3 Oct 1994 BB Baa3
22 Sep 1994 BB

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