S. Africa at No Immediate Risk of Junk Rating, Kganyago Says

South Africa has no immediate risk of credit rating companies downgrading the nation’s debt to junk, central bank Governor Lesetja Kganyago said.

Standard & Poor’s, which rates South Africa one level above non-investment grade, has a stable outlook on its BBB-assessment and has said it probably won’t lower it in the next 18 to 24 months, Kganyago said in an interview in Johannesburg.