Treasury says upgrades show path to investment grade

South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the National Treasury chief. “This is a clear change of direction in our ratings trajectory after more than a decade of negative ratings news,” Duncan Pieterse wrote in an op-ed published on News24 Thursday. “It could ultimately see South Africa regain its investment grade status — if it continues to do the right things on fiscal and economic policy.”

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