South Africa receives credit rating boost from Moody’s and Fitch

CHAMWE KAIRA

South Africa, Namibia’s biggest partner, has received positive credit rating actions from Moody’s Ratings and Fitch Ratings, with both agencies citing improvements in the country’s fiscal position and progress on structural reforms.

The National Treasury announced that Moody’s Ratings revised South Africa’s sovereign credit rating outlook to positive from stable on 22 May 2026, while affirming the country’s long-term local and foreign currency ratings at Ba2.