Standard & Poor's Announces Credit Ratings and Outlooks

$Standard & Poor\'s Announces Credit Ratings and Outlooks$

The international credit rating agency Standard & Poor's, announced credit ratings and outlooks for two countries like Poland and South Africa.In the written statement made by the S&P, it is reported that Poland's domestic currency denominated credit rating as "A-" and foreign currency credit rating have been maintained as "BBB+", while its outlook has been raised from "negative" to "stable". In the statement that Poland is expecting a gradual decline in foreign borrowing, it is shared that the country's financial sector is generally profitable. The agency also announced that South Africa's domestic currency credit rating was downgraded from "BBB +" to "BBB", while foreign currency credit rating was maintained at "BBB-" and its outlook was also "negative".Despite the fact that the South African government has identified significant economic reforms, it has been reported that they are slowing down, delaying private sector investments by the corporate sector.