Rating agencies S&P and Moodys review SA's credit rating

File: Moody’s is still scheduled to announce its decision at the end of the week.

File: Moody’s is still scheduled to announce its decision at the end of the week.

AFP

JOHANNESBURG - Rating agencies S&P and Moody’s are scheduled to review South Africa&39;s credit rating later on Friday.

On Thursday rating agency Fitch announced it will keep its credit rating unchanged at BB plus, or junk status.

It also maintained a stable outlook for the country.

In Moody’s last review, it affirmed South Africa’s long-term local-currency sovereign credit rating at an investment-grade BBB minus, with a negative outlook.

It’s expected Moody’s will join other agencies who have downgraded South Africa to junk status.

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