1. Sovereigns Ratings List

South Africa Rating: South Africa Credit Rating

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Rating Moody's South Africa
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-04-01Ba2 (Stable)
2020-11-20Ba2 (Negative)
2020-03-27Ba1 (Negative)
2019-11-01Baa3 (Negative)2022-04-01Ba2
2018-03-23Baa3 (Stable)2020-11-20Ba2
2017-11-24Baa3 (Under Review)2020-03-27Ba1
2017-06-09Baa3 (Negative)2019-11-01Baa3
2017-04-03Baa2 (Under Review)2018-03-23Baa3
2016-05-06Baa2 (Negative)2017-11-24Baa3
2016-03-08Baa2 (Under Review)2017-06-09Baa3
2015-12-15Baa2 (Negative)2017-04-03Baa2
2014-11-06Baa2 (Stable)2016-05-06Baa2
2013-07-17Baa1 (Negative)2016-03-08Baa2
2012-09-27Baa12015-12-15Baa2
2011-11-09(Negative)2014-11-06Baa2
2009-07-16A3 (Stable)2013-07-17Baa1
2007-06-05(Positive)2012-09-27Baa1
2005-01-11Baa1 (Stable)2009-07-16A3
2004-10-14(Under Review)2001-11-29A2
2003-11-15(Positive)2001-01-29A2
2001-11-29Baa21995-11-20Baa1
1994-10-03Baa31995-01-20Baa1
Moody's: Long term Rating
Rating S&P South Africa
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-03-08BB- (Stable)
2020-04-29BB- (Stable)
2019-11-22(Negative)
2017-11-24BB (Stable)2023-03-08BB
2017-04-03BB+ (Negative)2020-04-29BB
2015-12-04(Negative)2017-11-24BB+
2014-06-13BBB- (Stable)2017-04-03BBB-2017-11-24B
2012-10-12BBB (Negative)2016-12-02BBB2017-04-03A-3
2012-03-28(Negative)2014-06-13BBB+2017-04-03B2012-10-12A-2
2011-01-25(Stable)2012-10-12A-2014-06-13A-32006-03-29A-1
2005-08-01BBB+2011-01-25A2005-08-01A-22003-05-07A-1
S&P: Long term Rating
Rating Fitch South Africa
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2020-11-20BB-2020-04-03B
2020-04-03BB2019-12-18B
2020-11-20BB- (Negative)2019-12-18BB+2019-07-26B
2020-04-03BB (Negative)2019-07-26BB+2018-12-06B
2019-12-18BB+2018-12-06BB+2018-06-15B
2019-07-26BB+2018-06-15BB+2017-11-23B
2018-12-06BB+2017-11-23BB+2017-06-01B
2018-06-15BB+ (Stable)2017-06-01BB+2017-04-07B
2017-11-23BB+ (Stable)2017-04-07BB+2016-11-25F3
2017-06-01BB+ (Stable)2016-11-25BBB-2016-07-22F3
2017-04-07BB+ (Stable)2016-07-22BBB-2016-06-08F3
2016-11-25BBB- (Negative)2016-06-08BBB2015-12-04F3
2016-07-22BBB- (Stable)2015-12-04BBB2015-06-05F3
2016-06-08BBB- (Stable)2015-06-05BBB+2014-12-12F3
2015-12-04BBB- (Stable)2014-12-12BBB+2014-09-29F3
2015-06-05BBB2014-09-29BBB+2014-09-23F3
2014-12-12BBB2014-09-23BBB+2014-09-10F3
2014-09-29BBB (Negative)2014-09-10BBB+2014-09-05F3
2014-09-23BBB (Negative)2014-09-05BBB+2014-08-22F3
2014-09-10BBB (Negative)2014-08-22BBB+2014-08-06F3
2014-09-05BBB (Negative)2014-08-06BBB+2014-07-31F3
2014-08-22BBB (Negative)2014-07-31BBB+2014-07-07F3
2014-08-06BBB (Negative)2014-07-07BBB+2014-06-27F3
2014-07-31BBB (Negative)2014-06-27BBB+2014-06-13F3
2014-07-07BBB (Negative)2014-06-13BBB+2014-06-04F3
2014-06-27BBB (Negative)2014-06-04BBB+2014-05-28F3
2014-06-13BBB (Negative)2014-05-28BBB+2014-05-21F3
2014-06-04BBB (Stable)2014-05-21BBB+2014-05-09F3
2014-05-28BBB (Stable)2014-05-09BBB+2014-04-28F3
2014-05-21BBB (Stable)2014-04-28BBB+2014-04-11F3
2014-05-09BBB (Stable)2014-04-11BBB+2014-04-04F3
2014-04-28BBB (Stable)2014-04-04BBB+2014-03-28F3
2014-04-11BBB (Stable)2014-03-28BBB+2014-03-10F3
2014-04-04BBB (Stable)2014-03-10BBB+2014-03-05F3
2014-03-28BBB (Stable)2014-03-05BBB+2014-01-31F3
2014-03-10BBB (Stable)2014-01-31BBB+2014-01-23F3
2014-03-05BBB (Stable)2014-01-23BBB+2014-01-09F3
2014-01-31BBB (Stable)2014-01-09BBB+2013-12-30F3
2014-01-23BBB (Stable)2013-12-30BBB+2013-12-18F3
2014-01-09BBB (Stable)2013-12-18BBB+2013-12-03F3
2013-12-30BBB (Stable)2013-12-03BBB+2013-10-30F3
2013-12-18BBB (Stable)2013-10-30BBB+2013-10-14F3
2013-12-03BBB (Stable)2013-10-14BBB+2013-09-30F3
2013-10-30BBB (Stable)2013-09-30BBB+2013-09-11F3
2013-10-14BBB (Stable)2013-09-11BBB+2013-07-29F3
2013-09-30BBB (Stable)2013-07-29BBB+2013-07-11F3
2013-09-11BBB (Stable)2013-07-11BBB+2013-06-27F3
2013-07-29BBB (Stable)2013-06-27BBB+2013-05-28F3
2013-07-11BBB (Stable)2013-05-28BBB+2013-03-28F3
2013-06-27BBB (Stable)2013-03-28BBB+2013-03-08F3
2013-05-28BBB (Stable)2013-03-08BBB+2013-02-26F3
2013-03-28BBB (Stable)2013-02-26BBB+2013-02-08F3
2013-03-08BBB (Stable)2013-02-08BBB+2012-11-16F2
2012-08-17BBB+ (Negative)2012-11-16A2012-10-26F2
2012-07-11BBB+ (Negative)2012-10-26A2012-08-17F2
2012-05-25BBB+ (Negative)2012-08-17A2012-07-11F2
2012-04-26BBB+ (Negative)2012-07-11A2012-05-25F2
2012-02-24BBB+ (Negative)2012-05-25A2012-04-26F2
2012-01-24BBB+ (Negative)2012-04-26A2012-02-24F2
2011-12-09BBB+ (Stable)2012-02-24A2012-01-24F2
2011-11-23BBB+ (Stable)2012-01-24A2011-12-09F2
2011-05-20BBB+ (Stable)2011-12-09A2011-11-23F2
2011-01-17BBB+ (Stable)2011-11-23A2011-05-20F2
2008-11-09BBB+ (Negative)2011-05-20A2011-01-17F2
2008-06-17BBB+ (Stable)2011-01-17A2008-11-09F2
2007-07-25BBB+ (Positive)2008-11-09A2008-06-17F2
2005-08-25BBB+ (Stable)2008-06-17A2007-07-25F2
2004-10-21BBB (Positive)2007-07-25A2005-08-25F2
2003-05-02BBB (Stable)2005-08-25A2004-10-21F3
2003-03-11BBB- (Positive)2004-10-21A-2003-05-02F3
2002-08-20BBB- (Positive)2003-05-02A-2003-03-11F3
2000-09-21BBB- (Stable)2003-03-11BBB+2002-08-20F3
2000-06-27BBB-2002-08-20BBB+2000-09-21F3
2000-05-19BB+2000-09-21BBB+2000-06-27F3
1998-05-28BB2000-06-27BBB+2000-05-19B2020-04-03B
1998-02-17BB (Positive)2000-05-19BBB+1998-05-28B2019-12-18B
1996-06-05BB1998-05-28BBB1998-02-17B2019-07-26B
1995-10-26BB1998-02-17BBB1996-06-05B2018-12-06B
1994-09-22BB1996-06-05BBB1995-10-26B2018-06-15B
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative		Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery		SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative		P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC