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 | - | 24 Nov 2017 | rating downgrade |
| Moody's Investors Service | Baa3 | negative | 2 Nov 2019 | outlook downgrade |
| Fitch Ratings | BB+ | negative | 27 Jul 2019 | outlook downgrade |
| DBRS | - | - |
South Africa Credit Ratings: Long-term Rating Scales Comparison
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| Description | S&P | Moody's | Fitch | DBRS | Grade |
|---|---|---|---|---|---|
| Prime | AAA | Aaa | AAA | AAA | Investment |
| 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 | BB+ | Ba1 | BB+ | BB(high) | Speculative |
| 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 | Ca | C | C | ||
| In Default | RD | C | RD | RD | |
| SD | / | SD | SD | ||
| D | / | D | D | ||
South Africa Credit Ratings historical 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 |
|---|---|---|---|---|
| 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 |