South Africa avoids credit rating downgrade to 'junk'

A credit rating is an assessment of a company’s ability to fulfill its duties and financial obligations. Scania has credit ratings for long- and short-term borrowing from Standard & Poor’s. Audit meetings are held with management every year, and Scania AB maintains continuous contact with credit.

Denmark Business Confidence at It had been feared the agency would cut South Africa to so-called "junk status", making it more expensive to borrow. See "Basis point spread" in table to right. DATA Download historical data for 20 million indicators using your browser.

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