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- | - | 9 Mar 2023 | outlook downgrade |
| 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
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.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 9 Mar 2023 | BB- | |||
| 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 |