Ratings agency Standard & Poor (S&P) has affirmed South Africa's credit rating as ‘stable’.
"We are affirming our long- and short-term foreign currency sovereign credit ratings on South Africa at 'BBB-/A-3'," S&P said in a statement, adding it had kept the outlook stable.
The ratings firm added that it expected Treasury to stick to its promise to maintain a hard expenditure ceiling, and that it expected growth of 2.1 percent in 2015.
The BBB- rating, the lowest investment grade, follows a downgrade in June 2014.
Ratings agency confirms a ‘stable’ outlook for SA
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