Johannesburg - A team from credit rating agency Standard & Poor's visited South Africa last week for meetings, the Treasury said, ahead of a review due to be published on June 3 which could see the country's debt rating cut to junk.
South African officials also spoke to Fitch Ratings by phone, National Treasury spokeswoman Phumza Macanda said. Fitch has not given a date for its next rating decision.
S&P rates the debt of Africa's most industrialised country at BBB-, one notch above speculative grade and with a negative outlook, while Fitch assigns a similar rating after a downgrade in December.
Seen by numerous analysts as the most likely to push South Africa to “junk” status, S&P said earlier in May that the weak economy posed an immediate risk to the rating.
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