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S&P upgrades SA banks after sovereign rating lift – Windhoek Observer
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S&P upgrades SA banks after sovereign rating lift – Windhoek Observer
Chamwe Kaira S&P Global Ratings has upgraded eight South African banks after raising the country’s sovereign rating on 14 November. The agency lifted South Africa’s foreign-currency rating to BB from BB- and its local-currency rating to BB+ from BB, with a positive outlook. It said the move reflects better economic growth, a stronger fiscal path, and lower risks from state-owned enterprises as Eskom posts its first profit in decades. On 18 Novem
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