File: The latest S&P credit rating decision keeps South Africa under non-investment grade.
JOHANNESBURG - Ratings agency, Standard and Poor's says there no need to change the country's rating yet.
That's despite South Africa's weak economic growth and growing government debt.
S&P currently has the country's sovereign credit ratings in junk status with a stable outlook, up from a negative outlook.
The agency's Gardner Rusike indicated that the rating is unlikely to change anytime soon but he did add that South Africa’s economic growth would be below one-percent this year.
He's also highlighted that the recent government bailout to Eskom would continue to put pressure on the budget deficit.
Rusike says, however, it doesn't pose a danger to the country’s sovereign rating if it's just a once-off event.