South Africa has dodged a downgrade. Global credit rating agency, Standard and Poor's, has affirmed our credit rating as investment grade. It was feared that the agency could downgrade us into the sub-investment grades, or so-called junk status. Ratings can be seen as a grade or mark of our creditworthiness, or ability to pay back our debts. So junk status could have deterred investment and raised the cost of borrowing, which could have affected jobs and growth.
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